10-04-2010, 05:12 PM
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SOS Associate
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Join Date: Oct 2009
Posts: 3,057
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Foreigners Buying Up Forclosures At Unprecedented Rate
http://www.sacbee.com/2010/10/04/307...portunity.html
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"I have never seen such a high concentration of foreign nationals acquiring real estate," says Peter Zalewski, who has been in real estate for 15 years and founded Condo Vultures, a consulting and brokerage firm. "Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented."
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