/
1x
Advertisement

True North Strong Free. Subscribe today.

Selling your home? Abu Dhabi will take it

Add as preferred on Google(opens in a new tab)

When we last wrote about sovereign wealth funds, America (and Canada) had developed a reputation for snubbing this kind of massive influx of foreign investment. But given the state of the U.S economy these days, it seems they no longer have that luxury, especially when it comes to real estate. Sovereign wealth funds now appear to be snatching up foreclosed American homes, says the New York Post. Is this the inevitable conclusion of the housing crisis? How long before politicians start objecting?

Get the Best of Maclean’s straight to your inbox.

Sign up for news, commentary and analysis. Join 60,000+ Canadian readers.

By signing up, you agree to our terms of use and privacy policy. You may unsubscribe at any time.