Re: What % of your household net income do you spend on housing?
Posted by:
Rich auslanders
()
Date: November 10, 2016 12:11AM
MEDyU Wrote:
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> There is another huge category of house owners in
> NOVA: Rich foreigners. They own most of the
> expensive townhouses in my neighborhood. Mix of
> Indians, Russians, French, North African
> countries, Chinese, Saudis, Pakistanis all
> families of which seem to be occupying the
> $600,000 and up or owning the multiple ones they
> are renting out to others. The Americans seem to
> be occupying the UDF units, many of which are
> shared housing for roommates. The hispanics pile
> into the older small "salt-box condos and
> townhouses" and apartments neighborhoods in the
> area. The real nice detached homes belong to the
> managerial class folks or the "well-endowed with
> daddy's familially passed on portfolios" or the
> folks with the multiple professional workers in
> the family, as in the list posted above
Thats true, we live in Reston and three houses down, there is this huge HOUSE on our street owned by some Ethiopian couple. Its a man hus wife and their two teenage sons. When we talked to them, we found out the husband works for the government in his country as a some sort of minister. They paid for it cash and outright own it.
The funny thing is, they only stay at the house during school year and then lock it and travel back to their country.
They are very pleasant people though and mostly keep it to themselves.
A lot of foreigners buy real estate here as an investment and then rent it out.