We are building a new house in No Fla and are in the process of interviewing real estate agents to sell our home here in SW Florida. One of the agents we interviewed today has lived here since 2000 (born and raised in Berlin) and is very aware of both the American and European markets. This is important because Naples is a destination point for the English and particularly the Germans. We enjoy a cosmopolitan crowd here indeed.
We discussed the usual pros and cons of the real estate market but Ulrich both surprised and impressed me by adding some political observations:
1. Europeans are afraid of investing here because they have been led to believe that immigrants are unwanted and they would only be able to use their home 6 months of the year. As members of the EU, they could buy in Cap Ferrat and Costa del Sol with no visa issues but as I pointed out, that would be twice as expensive as buying property in Florida. He agreed.
2. In a very casual manner, I suggested that the immigration problem here has far more to do with illegal activity and hardly with the type of European who could afford to buy in my neighborhood. In fact, I mentioned that we love hosting Western Europeans because we share similar cultural values; after all, they are our ancestors and the local educated demographics enjoy the interaction.
We started to get into the Trump issue (he is terribly unpopular in Europe) and then we both stopped for obvious reasons. What shocked me most is the power of the MSM to reach across continental lines and affect a real estate market in the U.S.
This is scary folks.