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Ear to the Ground

The New British Invasion

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Posted on Nov 18, 2007
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With the dollar getting weaker all the time, the ailing housing market is getting a little relief from an unexpected source: foreigners. Brits in particular have been tempted by bargain homes in glamorous locales such as Manhattan, where one-third of all new condominiums are selling to foreign buyers.


Maria Crotty, 39, has done well out of the dollar crisis. She had owned a two-bedroom flat in north London. She sold it and banked the cash. While it sat in the bank as she shopped for an American property, she watched the pound rise, bringing her thousands of unexpected dollars. ‘It changed about 25 cents on the pound while the money was in the bank,’ she said.

Crotty, a Sheffield-born finance director of a Manhattan video-streaming company, eventually used the cash to buy a four-bedroom house on Shelter Island, an idyllic spot off Long Island close to the Hamptons, where New York’s rich and famous play. Crotty’s neighbours include design guru Jonathan Adler and international hotelier Andre Balazs. She rents a flat in Manhattan and spends weekends on Shelter Island.

‘It beats north London. I now have my own land with trees and deer. My old home back in London was an ex-council flat,’ she said.

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By thomas billis, November 19, 2007 at 11:58 pm Link to this comment
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To LaughingOutLoud.You are in the wrong place to think that the people who contribute here had much to do with what is happening in America.This is the home of you have got to be kidding me the Chimp won.Holy shit the chimp won again.Try some conservative web sites who elected this moron in chief.We are not the fearful ones.We are trying to bring back our once brave America.By the way I lived in England for a year and if you ever get better food I might go back.Let us not forget you have had your Enoch Powell’s spewing a brand of hate against minorities also.

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By PatrickHenry, November 19, 2007 at 7:40 pm Link to this comment

Good.  I hope the chinese take that 1.4 trillion and buy houses, condos and land her in the U.S. and pay taxes on the purchase price and yearly land tax.

I remember a place called Pebble Beach once…...

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By laughoutloud, November 19, 2007 at 4:32 pm Link to this comment
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To New America Is Coming:

You probably don’t know any brits do you?  We’ve been there a hell of a lot longer than you americans have been in the USA, and I can promise you that we won’t leave because of a few pesky trouble makers.  Might I also say that most likely over 99.9% of immigrants to the UK ARE NOT terrorists, and that is a major problem americans have is that you’ve all been scared to death of brown people.

You need to be scared of those who are telling you to be scared, namely your leaders.  They are the ones driving your precious dollar down the tubes.  Even the canadian dollar now is worth more than the ‘mighty american greenback’!  Imagine that.

It’s quite astounding how most americans are able to sit back and watch this all happen.

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By thomas billis, November 19, 2007 at 12:31 pm Link to this comment
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I do not comment twice but I had a thought.In the first British invasion a least they could sing.I propose that it is not enough they bring just their money they must also be able to carry a tune.Granted we might not find another Beatles but who knows.

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By Scott, November 19, 2007 at 9:59 am Link to this comment

Lets get a grip here, taking control of who gets to sit where amongst the deck chairs wouldn’t have mattered onboard the Titanic and it won’t matter much in this case either.

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By Conservative Yankee, November 19, 2007 at 6:12 am Link to this comment
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THIS is the war in which “Patriotic” US citizens should engage.

Corporate managers found years ago that to skim the cream from the top of profit margins you had to avoid “depending” on US citizens. Responsible younger people in the Seventies realized the world was becoming over populated, so they cut back on the number of children they produced. This cut profits for large business, so they began trolling (seriously) abroad for more customers.  The resuly being many of our large farms and ranches out west are owned by foreign nationals and/or off-shore businesses.  These folks control our food supply, and are (through lobbiests) our politicians.  When the political system talks about “farm subsidies’ they are talking about US taxpayers supporting Belgium’ wheat producers, Hollands corn growers, and British ranchers, all doing business on US soil.

Is there any one out there that believes it is time to take our country back???

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By New America is coming, November 19, 2007 at 5:16 am Link to this comment
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Ironically,  many British are headed to the US to get away from runaway immigration and the threat of Islamic terrorism back in the UK. It is only a matter of time before the muslim immigration to Europe forces a mass migration of white Europeans to the US. Unless Europe’s liberal immigration policies are changed, secularism and peace will fall to the muslims hoards there,and the European emigration to America that began hundreds of years again will happen again on a much larger scale. An influx of well educated, progressive Europeans could be just the thing needed to save America from continued decline.  That and a complete closing of America’s southern border.

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By GW=MCHammered, November 19, 2007 at 12:13 am Link to this comment
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And I work for Sherwood Forest. Everyone, come join me in heart and spirit. Where the heart goes the mind follows and thus thy will. But most importantly… thy labor.

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By thomas billis, November 18, 2007 at 10:20 pm Link to this comment
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More foreigners coming here.Do not be fooled it is the British trying to get back the country one piece of real estate at a time.Finally they get to live in a country run by a real King George.I feel like I work for Tom Tancredo.

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