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Politics : View from the Center and Left

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To: Steve Lokness who wrote (148188)	10/26/2010 10:34:24 PM
From: Wharf Rat	Read Replies (1) of 544008

How to increase demand, as opposed to hiring Frankie da Torch to reduce supply... Foreigners buying Florida Almost 25 percent of foreign buyers seek homes in the Sunshine State BY BILL CORNWELL bcornwell@floridaweekly.com RADDATZ / FLORIDA WEEKLY A perfect economic storm — spawned by a strong Euro, a weak dollar and a depressed American housing market — has made Southwest Florida an enticing location for foreign investors interested in purchasing real estate. The infusion of foreign capital into the local real estate market reflects Florida’s standing as the nation’s leader in that regard. According to the National Association of Realtors, 22 percent of all properties purchased in the United States by foreign buyers are located in Florida. California is the second most popular site for international purchases, with a 12 percent share. The association defines an “international” buyer as anyone who is not a U.S. citizen, U.S. immigrant or foreign born charlotte.floridaweekly.com We will now hear Bob Seger and the Silver Bullet Band's smash new hit, "Detroit is a hella long way from Eff Ell Eh"

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