Foreign investors snapping up troubled U.S. real estate properties

[Ted Harris]

Depressed prices coupled with the dollar's descent has attracted a lot of foreign investors to the distressed US real estate market ... I see this as a good thing. Buyers (regardless of where they are from) are the ones who can 'right' the real estate ship and get us closer to price stabilization and hopefully appreciation some day! :woohoo:

http://www.contracostatimes.com/california/ci_13834840?nclick_check=1