I admit it is odd at first glance, but I can think of a few possible explanations:
1) they cannot actually afford it, and will find this out in a few years
2) they are being bought as investments by REIT's and such, not by real people
3) they are being bought by foreign money as a way of parking wealth in the US, because it is perceived as a safer place to have your money than the home country
There could be other explanations, as well, but these are three that come to mind.
1) they cannot actually afford it, and will find this out in a few years
2) they are being bought as investments by REIT's and such, not by real people
3) they are being bought by foreign money as a way of parking wealth in the US, because it is perceived as a safer place to have your money than the home country
There could be other explanations, as well, but these are three that come to mind.