The offshore US dollar is worth twice what the domestic USD is worth-because it exists beyond US government taxation and regulation. When foreigners bring in cash to take advantage of the relative stability and predictability of life in the USA- they initially can afford to pay a much hgher price for real estate than a citizen could afford
The offshore US dollar is worth twice what the domestic USD is worth-because it exists beyond US government taxation and regulation. When foreigners bring in cash to take advantage of the relative stability and predictability of life in the USA- they initially can afford to pay a much hgher price for real estate than a citizen could afford