Only in America!! Interesting you cannot buy property in Mexico unless you are a citizen or have a co-mexican partner. What the heck, capitalists need to sell off their holdings. I am waiting for Barbie doll INC. to buy the Statute of Liberty & model a new line of patriotic doll clothes.

==========news

As the value of the dollar plummets, American real estate looks more and more attractive to overseas investors.

Foreigners buying property -- both residential and commercial -- in the United States is nothing new. But in recent months, as the exchange rate has swung further in their favor, Irish, British, Italian and even Canadian investors have started to gobble up more land here.

"This has been a record year for acquisitions by offshore investors," said Dan Fasulo, managing director of Real Capital Analytics, which tracks such transactions.

Through the first three-fourths of the year, there has been $31 billion in commercial real estate purchases by foreigners here, according to Fasulo. Compare that to $23 billion in all of 2006. And Fasulo added: the fourth quarter is usually the most active.

Americans have seen foreigners snag key properties in the past.

Probably the best example of this came in 1989 when 80 percent of the Rockefeller Center, one of New York's top landmarks, was sold by the Rockefeller family to Japan's Mitsubishi Estate Company.

http://tinyurl.com/36w8ez

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One Tin Soldier Walked Away....................

http://i130.photobucket.com/albums/p...tionkill-1.jpg

Um...you do know the Fortune Cookie was invented in America right?

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So how does Mitsubishi owning 80 percent of the Rockefeller Center hurt America?

Because 80% of the profits are funneled out of America to Japan. This in turn weakens the US dollar. It doesn't put Americans to work, or support the good Americans produce to create wages. Its like sticking a gun in your face and demanding your wallet. zero returns.

__________________
One Tin Soldier Walked Away....................

http://i130.photobucket.com/albums/p...tionkill-1.jpg

But aren't there US companies all over the world funneling money back to America?

Maybe, maybe not. I would think American companies abroad would be offshoring their profits to prevent paying taxes on them. Of course this has nothing to do with selling off America to foreigners. We probably need sme laws to force foreigners to keep profits in America, by hiring Americans to work for them.

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One Tin Soldier Walked Away....................

http://i130.photobucket.com/albums/p...tionkill-1.jpg

That is usually what happens when we are in a war and have no money to spend. So, what do we do? We get countries like China and Dubai to fund the war. Bend over and learn to take it up the poop shute

Why do your posts usually end up with some kind of twisted sexual reference?

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Blade: "more educated and literate people than Justabubba"

Justabubba: "that would include everyone"

http://politicalforum.com/showthread.php?t=27847

Because, when I'm thinking of a response I often think of Ann Coulter and she really turns me on. I can't stand her, but those legs are the real weapons of mass destruction

Oh........masochist - I understand.

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Blade: "more educated and literate people than Justabubba"

Justabubba: "that would include everyone"

http://politicalforum.com/showthread.php?t=27847