Since the peak in 2016 Foreign Direct Investments in the USA have fallen by 45%,in 2018 the U.S. share of global Foreign Direct Investment declined for the first time in ten years.In the New York City real estate market of the 16,242 high end real estate condos built since 2013 over 25% of them sit unsold and empty.They range in price city wide from a low of $1.1 million to the median price of $2.1 million in Manhattan.These are all well beyond the means of average New Yorkers,built to satisfy what was once a very active and present foreign buyer who are no longer coming.The market once active with Russian oligarchs and Chinese and Japanese investors has dried up and disappeared.
Both good and bad. Foreign investment is good for the economy. Any time we can move some wealth from another country to ours, we win. But there are some issues with foreigners owning real estate in the U.S. Ideally foreign investment in the U.S. would be limited to securities and founding or moving companies on our soil - soil that is leased from an American owner. I think it is fair to say that foreign investment is generally a good thing.
Has deBlasio printed poop maps like other Democrat run cities? Perhaps NYC is behind the technology curve. It's hard to make positive changes because major changes take time to show benefit. Just like when you type about the budget deficit. For the latest 5 years he had control, after he had more flexibility, Obama cut defense by 25%. He emboldened our enemies, let China build militarized islands and let Russia annex Crimea. It costs money to reverse that problem ,,, but the first budget Trump could influence was the FY 2018 budget when at the same time he was trying to spur economic growth with tax cuts that also don't deliver positive results immediately. In the end, Trump will be judged by the results after he leaves office in spite of the daily harassment he's endured. My vote to hire him was that I felt he would get the job done despite the Democrat opposition to success.
Selling off America that began in the 80's didnt help average Americans . Foreign investment in factories that hire our people helps our people
Japanese, who during the1980's had a great economy, invested both in U.S.businesses and real estate but as their economy shrank so did their U.S. investments in both areas.
A prime example of the under investment by foreign companies in America would be the much ballyhooed FOXCONN factory to be built in Wisconsin touted by Dirty Donald as the 8th wonder of the world??? What was promised as a factory hiring 13,000 employees is turning out to be a MUCH SMALLER facility hiring slightly over 500 employees, which was HEAVILY subsidized by the taxpayers of Wisconsin.Once again 0ver promised and WAY UNDER delivered.
