Foreigners Buy Record Number of US Houses

The United States is increasingly just an economic zone, not a real country for a specific people or culture. It is just a strip mall, for sale to the highest bidder. This is not a real country.

CNBC reports:

Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume.

Foreign buyers closed on $153 billion worth of U.S. residential properties between April 2016 and March 2017, a 49 percent jump from the period a year earlier, according to the National Association of Realtors. That surpasses the previous high, set in 2015.

…Foreign sales accounted for 10 percent of all existing home sales by dollar volume and 5 percent by number of properties. In total, foreign buyers purchased 284,455 homes, up 32 percent from the previous year.

Half of all foreign sales were in just three states: Florida, California and Texas.

Chinese buyers led the pack for the fourth straight year, followed by buyers from Canada, the United Kingdom, Mexico and India. Russian buyers made up barely 1 percent of the purchases.

Mexicans doubled their home purches in the US, heavily favoring cheaper houses in Texas. Meanwhile Baby Boomers from Canada sold off expensive houses in their country and poured into Florida. And Chinese moved on houses in California and Texas.

US conservatives have long been eager to trade demographics for money (“it’s the economy, stupid!”) even though in the long run the demographics will result in the conservatives permantly losing political influence. On the other hand, the Alt-South places a higher priority on maintaining the nation as a distinct people and culture. We understand the country first and foremost as being the homeland for the ethnic group and the economy as serving their interests, not the other way around.

About Palmetto Patriot 215 Articles
South Carolinian. Southern Nationalist. Anglican.

9 Comments

  1. God damn chinks, they buy up all the good real estate, driving up the prices and driving out working and middle-class Whites. The Yellow Peril is a real problem.

  2. The U.S. is a conquered colony and the behavior of the colonial elite is exactly what you would expect. “Anti-racism” laws and actions are classic laws of racist colonialism that pretend they are based on larger principles but in practice are designed to keep the natives in their place while they are raped, robbed, and dispossessed. As long as idiot white conservatives uphold the evil government that is doing these things it will only get worse.

  3. It’s disturbing. I’ve noticed this trick or treating with the kids in Pasadena.

    So many houses filled with Ching Chongs.

  4. Michael, I know that you generally ignore my queries, but I’ll ask you and anyone anyway:

    Why keep clinging to conservatism? How do you even define it?

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