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(LA Times)   Foreign tourists in the U.S. spend $168 billion on inexpensive souvenirs of their trip ...like key chains, T shirts, houses   (articles.latimes.com ) divider line
    More: Interesting, key chain, U.S., U.S. Department of Commerce, jersey, memorabilia  
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1249 clicks; posted to Business » on 25 Feb 2013 at 10:09 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



26 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2013-02-25 09:51:26 AM  

i00.i.aliimg.com

 
2013-02-25 10:28:00 AM  
Houses? The fark? What are you smoking, subby?
 
2013-02-25 10:30:48 AM  

cptjeff: Houses? The fark? What are you smoking, subby?


It's a popular thing in Houston to fund new condo buildings by selling them as investments to rich foreigners so they can get visas.
 
2013-02-25 10:35:15 AM  

YixilTesiphon: cptjeff: Houses? The fark? What are you smoking, subby?

It's a popular thing in Houston to fund new condo buildings by selling them as investments to rich foreigners so they can get visas.


And they pay cash like they do for student tuition too.  After living overseas for the last 10 years I have come to the conclusion that USA is a poor country that is getting poorer..
 
2013-02-25 10:40:09 AM  

YixilTesiphon: cptjeff: Houses? The fark? What are you smoking, subby?

It's a popular thing in Houston to fund new condo buildings by selling them as investments to rich foreigners so they can get visas.


And that has to do with TFA how, exactly? Foreign real estate investment != tourists buying crap.
 
2013-02-25 10:40:55 AM  

YixilTesiphon: cptjeff: Houses? The fark? What are you smoking, subby?

It's a popular thing in Houston to fund new condo buildings by selling them as investments to rich foreigners so they can get visas.


NYC too. in 2007, a 150-unit luxury condo in Midtown was marketed almost exclusively to Irish investors.

in the past couple of years, wealthy Russians and southern Europeans started buying up condos as well.
 
2013-02-25 11:18:06 AM  

cptjeff: Houses? The fark? What are you smoking, subby?


Not quite a house, but my aunt and uncle wound up buying a trailer in a retirement village on a whim when they were visiting last winter. The owners were asking $18,000 - my aunt (being a smartass) offered them $8.000. They settle on $10,000 and now spend the winter there.

/CSB.
 
2013-02-25 11:19:28 AM  

cptjeff: YixilTesiphon: cptjeff: Houses? The fark? What are you smoking, subby?

It's a popular thing in Houston to fund new condo buildings by selling them as investments to rich foreigners so they can get visas.

And that has to do with TFA how, exactly? Foreign real estate investment != tourists buying crap.


A lot of Mexican "tourists" seem to like to live part-time in the US.
 
2013-02-25 11:30:19 AM  
Step right up, step right up, step right up,
Everyone's a winner, bargains galore
 
2013-02-25 11:48:37 AM  
So I need to put my house on Craigslist Beijing soon.

/that actually sounds better and better as I think about it.
 
2013-02-25 12:11:40 PM  

They took key fobs!

 
2013-02-25 12:18:09 PM  

Glenford: cptjeff: Houses? The fark? What are you smoking, subby?

Not quite a house, but my aunt and uncle wound up buying a trailer in a retirement village on a whim when they were visiting last winter. The owners were asking $18,000 - my aunt (being a smartass) offered them $8.000. They settle on $10,000 and now spend the winter there.

/CSB.


The nice thing about those is that when you finally pass away inside, they just bury them in place.
 
2013-02-25 02:18:25 PM  

Glenford: cptjeff: Houses? The fark? What are you smoking, subby?

Not quite a house, but my aunt and uncle wound up buying a trailer in a retirement village on a whim when they were visiting last winter. The owners were asking $18,000 - my aunt (being a smartass) offered them $8.000. They settle on $10,000 and now spend the winter there.

/CSB.


I so want to do this.
 
2013-02-25 03:18:15 PM  
I know this guy from Canada who bought a house in Arizona.  He complains about how shiatty the US is constantly, but lives here for more than half the year.  He has tons of money to spend on pools and big boy toys, but still pirates his media.  He's a total ass.
 
2013-02-25 05:28:07 PM  

Oliver Twisted: So I need to put my house on Craigslist Beijing soon.

/that actually sounds better and better as I think about it.


If you live in a nice new condo in a major city, you might get some bites. a normal home in some suburb wont get a lot of traction. These buyers are just either looking for a place to park their money (the rich dont trust the banks in china) and get a nice ROI after a few years, or buying a show-piece/flop house for the two weeks a year they are actually in town. The last thing they want is to live where the 'natives' live.
 
2013-02-25 06:00:19 PM  
Good luck getting that back in your carry-on luggage and if you try to check it don't be surprised if your furniture is missing when you pick it up.
 
2013-02-25 06:18:20 PM  
Congrats "America"!
You invented the best ways to take advantage of income and currency disparity world-wide and now... welll....  Karma's a biatch, no?
 
2013-02-25 08:25:21 PM  

lewismarktwo: I know this guy from Canada who bought a house in Arizona.  He complains about how shiatty the US is constantly, but lives here for more than half the year.  He has tons of money to spend on pools and big boy toys, but still pirates his media.  He's a total ass.


I sense some pool boy resentments. Wear the speedo next time and you might get a raise.
 
2013-02-25 09:49:35 PM  

cptjeff: Houses? The fark? What are you smoking, subby?


I've met and hung out with half a dozen or so people who were doing just that.  Nearly every one of them had decent money back home and were looking at investment property here after 2008.  Four were doing graduate studies here anyway (If you're gonna pay rent otherwise anyway...) and two had family connections in Michigan and presumably someone to look after the property/rent it/whatever (Iraqi).  I actually broke out a AAA map from my car and marked up the lay of the land in SE Michigan for the Iraqi guy.  Eh, I was bored and it was good conversation.  Probably should've let him do his own research but whatever.

/shrug
 
2013-02-25 10:35:28 PM  
I know of people in Central Queensland who live in caravans in the sticks and own McMansions in the states.
 
2013-02-25 11:12:30 PM  

Reverend Monkeypants: Congrats "America"!
You invented the best ways to take advantage of income and currency disparity world-wide and now... welll....  Karma's a biatch, no?


Like the guy who owns a key-chain manufacturing company.  He shipped all his jobs overseas, and now overseas people are buying his stuff!  He sure got his comeuppance!  Sucks for him!

Wait, no it doesn't.

OK, how about how Americans lost their jobs to outsourcing and their houses to shifty banks, and now the banks are selling those houses to foreigners?  HA!  In your eye, banks and "job creators!"  Wait, no, they still come out on top.

Hm.  Failing to see the karma here.
 
2013-02-26 01:26:43 AM  

sendtodave: Reverend Monkeypants: Congrats "America"!
You invented the best ways to take advantage of income and currency disparity world-wide and now... welll....  Karma's a biatch, no?

Like the guy who owns a key-chain manufacturing company.  He shipped all his jobs overseas, and now overseas people are buying his stuff!  He sure got his comeuppance!  Sucks for him!

Wait, no it doesn't.

OK, how about how Americans lost their jobs to outsourcing and their houses to shifty banks, and now the banks are selling those houses to foreigners?  HA!  In your eye, banks and "job creators!"  Wait, no, they still come out on top.

Hm.  Failing to see the karma here.


It's both.  Enjoy!
 
2013-02-26 05:40:29 AM  

cptjeff: YixilTesiphon: cptjeff: Houses? The fark? What are you smoking, subby?

It's a popular thing in Houston to fund new condo buildings by selling them as investments to rich foreigners so they can get visas.

And that has to do with TFA how, exactly? Foreign real estate investment != tourists buying crap.


It can. My family has a house in the US that came about as the result of a spur-of-the moment decision on a camping trip. There were a couple of lots for sale near the campground, and my parents and the family we were with decided we liked the area enough to each buy a lot and build a house.
 
2013-02-26 05:57:56 AM  

AbbeySomeone: lewismarktwo: I know this guy from Canada who bought a house in Arizona.  He complains about how shiatty the US is constantly, but lives here for more than half the year.  He has tons of money to spend on pools and big boy toys, but still pirates his media.  He's a total ass.

I sense some pool boy resentments. Wear the speedo next time and you might get a raise.


I wish I was as well paid as a pool boy.
 
2013-02-26 07:31:11 AM  
America stopped being a country some time ago. We just a global Walmart.
I laugh when the politicians claim " They want to come and be Americans ."
Bullcrap ,They can't believe we left the door to the store unlocked and went home early.

// I have many clients from china buying and renovating homes. Sooner or later they just have to brag to me the essence how little they paid for the property and why we are so stupid.
 
2013-02-26 08:12:03 AM  
Go down to Mexico and try to buy a house...........
 
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