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A quick real estate scene: A working-class couple identify a home they want to buy, they work with their bank on a mortgage and prepare an offer, only to find that the property’s been purchased by a foreigner who plunked down a full cash payment.

“That’s happened to every Realtor in Miami,” said Adrian Foley, a lawyer and real estate agent.

A working-class couple identify a home they want to buy, they work with their bank on a mortgage and prepare an offer, only to find that the property’s been purchased by a foreigner who plunked down a full cash payment.

“That’s happened to every Realtor in Miami,” said Adrian Foley, a lawyer and real estate agent.

Read more at USA Today