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Heres a link to that article
http://money.cnn.com/magazines/fortu...e_rent_ratios/
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Thanks for the article. That is pretty eye-opening speculation.
I have a dumb question but I'd like to know thoughts on it:
If US housing prices are going to drop virtually across-the-board over the next 5 years, and the dollar is getting murdered against the Euro (among other currencies), would we not see a large influx of foreigners moving into this country and buying homes for "cheap"?
Is there something that would keep them from doing this that I haven't thought of? Obviously it's not easy for someone from Germany to just move here arbitrarily, but couldn't they purchase homes here as investments?
Thanks to anyone who can give input here. [img]/images/graemlins/smirk.gif[/img]