U.S. hoping foreign investors will bail out housing market
Now I ask you: If you got screwed by the U.S. housing market as badly as Norway was, would you even think about investing more money in American real estate?
And, if you were another country and saw what happened between Norway and the United States, would you be anxious to open your own reserves to scoop up U.S. housing and land?
Well, sane folks would no doubt say "heck no!"