Selling your home? Abu Dhabi will take it
When we last wrote about sovereign wealth funds, America (and Canada) had developed a reputation for snubbing this kind of massive influx of foreign investment. But given the state of the U.S economy these days, it seems they no longer have that luxury, especially when it comes to real estate. Sovereign wealth funds now appear to be snatching up foreclosed American homes, says the New York Post. Is this the inevitable conclusion of the housing crisis? How long before politicians start objecting?
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When we last wrote about sovereign wealth funds, America (and Canada) had developed a reputation for snubbing this kind of massive influx of foreign investment. But given the state of the U.S economy these days, it seems they no longer have that luxury, especially when it comes to real estate. Sovereign wealth funds now appear to be snatching up foreclosed American homes, says the New York Post. Is this the inevitable conclusion of the housing crisis? How long before politicians start objecting?