Purchasing Behavior in Real Estate Investment

Literature is reviewed in relation to the purchasing behavior of individuals with respect to the acquisition of real estate. As a part of this review, literature related to international real estate investment is examined, as are purchasing behavioral models. Cultural socialization models are examined in the context of the formation of values and attitudes that affect purchasing behavior.

International Real Estate Investment

The most significant trend in international real estate investment in the early1990s involves the increasing acquisition of real property in the United States by non Americans. The great hue and cry with respect to foreign investment in the United States emphasizes the acquisition by foreign buyers of American business enterprises and American real estate (Burritt, 1991, pp. 6066; Levine, 1989, pp. 117118; Gilder, 1990, p. 60). In actual fact, however, foreign investment in American financial instruments dwarfs that in the operational ownership of business enterprise and the ownership of real property (U.S. Department of Commerce, 1991, pp. 5154; Standard & Poor's, 1992, p. 101; Herr, 1989, pp. 2230). In this context, a differentiation is made between the acquisition of the operating control of a business enterprise and the purchase equity shares (common stock) in such enterprises. In 1990, the last full year for which data ar

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(((((((((((((((((((((((((( 0.6 0.5 0.4 0.3 0.2 0.1 0 +0.1 +0.2 +0.3 US$(bil) [source: Department of Commerce, 1991, p. 74] ((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((( Exhibit 9 Income From Foreign Investments in American Real Estate By Country or Region: 1989As A Proportion of Total Income Gain From Foreign Investment in American Real Estate ((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((( Africa (Lost An Amount Equal to 7.3% of Total Gain( Asia and Pacific Other Than Japan (((((4.3 Britain ((((((((((((((((((((((((((((((((((((((36.6 Canada (Lost An Amount Equal to 0.8% of Total Gain( Europe Other Than Britain, Germany, and Netherlands (Lost An Amount Equal to 20.7% of Total Gain( European Community (((((((((((((12.4 Germany (Lost An Amount Equal to 9.1% of Total Gain( Japan ((((((((((((((((((((((((((((((((((((((((((((83.6 Latin America and Other Western Hemisphere (Lost An Amount Equal to 44.9% of Total Gain( Middle East ((((3.4 Netherlands (Lost An Amount Equal to 5.1% of Total Gain( O
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Some common words found in the essay are:
Kimberly Rottman, Department Commerce, Real Estate, Sharp Mott, Green Cunningham, Estate Data, Change Prior, Western Hemisphere, United Stewart, Alain Strazzieri, real estate, american real, american real estate, foreign investment, investment american, investment american real, foreign investment american, total foreign, total foreign investment, foreign investments american, foreign investments, investments american, data exhibit, department commerce, commerce 1991,
Approximate Word count = 8554
Approximate Pages = 34 (250 words per page)

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