Tuesday, January 29, 2008

More on foreign investing

A survey of the Association of Foreign Investors in Real Estate indicates that ~200 of their members own $230 billion in US real estate, or roughly one-third of their holdings.

Of course, that survey does not cover all the members, nor presumably are all foreign investors members of AFIRE. But it does reinforce the feeling that our dirt is cheap on a relative basis. I also found interesting that there is a lot of interest in China, but that the US and other markets still hold major sway. Why? It's what we know.