I think I've thought of a very easy way to make the price of housing more affordable!
Yeah, we should probably make this illegal.
According to the National Association of Realtors (NAR), foreign investors have gone on a spending spree to gobble up houses on the market.
Foreign buyers bought $56 billion worth of U.S. existing homes from April 2024 through March 2025, according to the National Association of Realtors® 2025 International Transactions in U.S. Residential Real Estate report.
And after years of declines, international home transactions have risen year-over-year, from 54,300 to 78,100. It's still a huge drop from 2017, when foreigners bought 284,500 homes.
78,100 homes that went to foreign real estate developers when millions of Americans would love to buy homes at affordable rates.
Tell me why this is allowed?
'U.S. real estate remains a safe haven for global wealth,' agrees Nick Malinosky of Douglas Elliman in Florida. 'Compared to many countries where property rights can be murky or taxed aggressively, the U.S. is still seen as one of the most secure places to place capital in real assets.'
I mean, yay! American real estate is a good investment. But it would probably be better if that investment was restricted to, you know, Americans.
The #1 state for foreign investment in housing is Florida. 1-in-5 American home purchases made by foreign groups is in the sunshine state.
So, Ronny D, maybe you could look into this?
Here's the map of NAR showing where foreign investors are snatching up American homes.
Even if we don't ban this, shouldn't we at least be taxing these foreign investments heavily?
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