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What do you think of the surge of foreigners buying up our foreclosed properties while Americans are homeless?

Yahoo news reports a surge in foreign investors buying up the foreclosed properties. Is this good or bad, or a little of each? Or is it sad that our country is becoming owned parcel by parcel by non-Americans while our own people live homeless in tents?

Asked By: pamcarter - 10/5/2010
Best Answer - Chosen by Asker
Well, we have a policy that allows people to come into our country pretty easily, we also have sent our jobs to China and India so you have a lot of Americans losing their homes and becoming homeless. So at the end of the day, it's our fault, we keep selling our country to highest bidder in the name of Capitalism. Yeah... More
Answered By: Huckleberry Fock - 10/5/2010
Additional Answers (14)
It's a free country. I think what we need to worry about is if the investors are all connected in some way and there is a bigger force at work here. If it is just a bunch of different people trying to make a buck, that is what capitalism is all about.
Answered By: Half Baked - 10/5/2010
 
Welcome to Obamaville.
Answered By: Cargo Pilot II - 10/5/2010
 
The socialist democrats don't worry about things like that. Obama is too busy taking money from Wall Street. A new book out today reveals how Obama met with Wall Street fat cats in 2007 and won their support and then they pulled support for Hillary. Goldman Sachs is making a ton of money thanks to Obama. He is very... More
Answered By: PollyAnna - 10/5/2010
 
It should be illegal, just like in our countries. You should only be a legal citizen to buy land in the USA.
Answered By: Frank Stonewall - 10/5/2010
 
NonAmericans control and fund the Democrat Party, Soros, Huffington, Amanpour -- that all started a long time ago, because people like you keep politicians in office who have created an invasion of the USA through immigration. Well done. You have yourself to blame.
Answered By: Sophie - 10/5/2010
 
They would be stupid Not to do that. It is a great investment. Want to prevent it? Get the people who are responsible for this economic mess OUT of Washington DC. Replace them this November!
Answered By: Philip H - 10/5/2010
 
Oh, let's hear the conservatives start bi|ching about capitalism NOW.
Answered By: Dicentra - 10/5/2010
 
It is truly amazing. It is uncanny how events now are almost directly reflecting events during the Carter Administration. Back then, everyone was lamenting how foreign investors were "buying up America", too. We had a feckless president, problems with Iran as well. Carter even put solar panels on the roof of the... More
Source(s):
Answered By: Jacob W - 10/5/2010
 
I personally believe that land ownership should be tied to citizenship in the US like so many other countries... More
Answered By: Ou812 The Hated Cracker pt15 - 10/5/2010
 
I live in a state with squatters rights. SO all it means is free property if they are just speculators.
Answered By: Fuct - 10/5/2010
 
Hey, if it props up the value of my property, go for it. It's good.
Answered By: Rocky Mtn High - 10/5/2010
 
Here is the answer: UNSEAT ENTRENCHED CROOKS IN CONGRESS--both repblicans and dems alllllll must be fored in Nov2nd! or else we will be Communist China in 10 yrs from now and no one will be able to stop it.
Answered By: Polly - 10/5/2010
 
It is illegal in our country to discriminate based on nationality. Foreigner have always been allowed to buy. Chinese buyers own HUGE amounts of CA, especially in the agricultural areas. You would be amazed... More
Answered By: Landlord - 10/5/2010
 
Yeah, like as if rich Americans aren't doing the same thing in other countries.
Source(s):
Answered By: CJ - 10/6/2010
 
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