Now that you guys got me thinking, I don't think it would be stretching to say the least to propose that a lot of the Hispanic investors who are flush with capital that were investing in Orlando and South Florida may have jumped ship and looked for more stable areas to invest their money. After all, Florida property values in many areas have dropped by a third and the economy is in a depression (in spite of what Obama's minions would have us believe) so why wouldn't investing in another LA country be an option?
One thing I've learned in almost 20 years in this business is that there are a lot of filthy rich people in this world looking for somewhere to invest their money that has a ROR greater than a bank, and honestly since US banks are no longer stable nor much less real estate it only makes sense these wealthy investors will look for greener pastures.
As to whether this money is legit, nobody I know in the engineering field in the States seems to be concerned where the money comes from as they figure it's not their right to know anyhow.
One thing I've learned in almost 20 years in this business is that there are a lot of filthy rich people in this world looking for somewhere to invest their money that has a ROR greater than a bank, and honestly since US banks are no longer stable nor much less real estate it only makes sense these wealthy investors will look for greener pastures.
As to whether this money is legit, nobody I know in the engineering field in the States seems to be concerned where the money comes from as they figure it's not their right to know anyhow.