Sunday, January 31, 2016

San Francisco Fed Prez Blames Foreign Investors: "One of the Reasons US Real Estate Prices Are Going Through the Roof"

On Friday, San Francisco Federal Reserve president John Williams at a media availability following a  Commonwealth Club of San Francisco event said that US real estate was being seen by foreign investors as a safe haven. He specifically singled out, San Francisco, New York, Miami, Seattle and Honolulu as cities attracting foreign money.


1 comment:

  1. In the first seven seconds John Williams says the he doesn't think that the high prices are as a result of US monetary policy i.e., money printing.

    Given the unsteadiness of the camera and the answer, I'm betting this was a reply to a Bob Wenzel question on money printing by the Fed.