Having come from a country where there was inflation, revolution, genocide where millions were killed in just a few years to reset society and wipe out all currencies... the US economy and society is far from any revolution.

Current political situation in Ukraine, the Oil price decline and devaluation of Russian currency has made those investors to retreat.Many banks are left with RE that they can't get rid of.Predrag

Just like none of the lenders will count any of my crypto currency as an asset because the price is too uncertain...Which I am perfectly fine with.

(tax benefits or for currency inflation reasons), then that's entirely different and altogether a different discussion. :)

In the aftermath of Financial Crisis of 2008, people were expecting Financial Armageddon and we would return to our ancient ways of not using fiat currency ("not worth a continental").

So you have a huge currency risk there.

I have been investing internationally for RE companies for 10 years across Europe and the USMy take away about France is as follow:pros- relative market stability for the past 20 years- stable currency (€)cons- highest taxes to GDP in the world (capital gain taxes, transfer tax, income tax etc)- extremely complex / opaque tax system- widespread corruption around high profile transactions and construction permits - 3 months transaction close due to high regulation burden - local authorities have first look right to purchase the property you have under contract.

Another factor to consider is currency value.

Currency fluctuations. 

I argued that government-mandated land redistribution, transfer to the US Dollar instead of local currency for exchanges of goods and services, and economic re-liberalization (I added an extra "re" in the essay for some reason) didn't cut it to explain what happened.