AMERICA IS CHANGING
1996 36% of all U.S. population growth
was the result of immigration.
1994-1997 42% of the increase in
homeownership was due to minorities
and immigrants.
1997 - 17% of all homeownership is
now minorities!
FASTEST GROWING
GROUP ON THE NET
The number of non-English speaking
users has grown from less than 10% to
nearly 45%.
In 1995, there were 4 to 5 million out of
a total of 40 million users. Now there are
80 to 81 million out of 180 - 182 million
users!
FOREIGN SUBSIDIARIES IN U.S.
Employ 1 in 10 Americans in
manufacturing.
Invested $84 billion in plants and
equipment.
Exported $137 billion of merchandise.
Paid $10.1 billion in taxes.
Donated $512 million to charities!
FOREIGN SUBSIDIARIES IN U.S.
(Continued)
Their average job pays $42,000 or 13%
higher than American average.
Since 1980 these jobs have grown 5
times faster than American companies.
Of the100 largest Foreign companies
Americans own 35% of their stock!
AMERICA IS BEING GLOBALIZED
Americans think of BMW as German
but they have 12 plants in U.S.
We think of a Burger King as pure
American, but it is owned by a British
conglomerate.
Our real estate debt and equity funding
is coming from outside the U.S.!
Foreign Business in Missouri
257 Companies
from 22 Countries,
in 88 Missouri Cities!
Missouri’s International Real
Estate Activities
Because our Missouri Economic
Development Department had
numerous foreign offices, Realtors
did not have to reinvent the
“wheel”!
MAR’s International Strategies
View international program as part of
MAR’s commercial and economic
development, government relations,
public relations, and fair housing
activities.
Promote real estate study tours to
targeted countries in conjunction with
State!
MAR’s International Strategies
(continued)
Produce multi-language guide to
purchasing and leasing real property in
Missouri.
Sponsor CIPS courses and encourage
Realtors to join CIPS Network, and
attend MAR/NAR meetings!
BUSINESS CULTURES ARE
CONVERGING
But we still have a
long way to go to
get it right!
THE NOVA AWARD
Clairol in German - introduced the
"Mist Stick”, ”Mist" is slang for manure.
Pepsi In Chinese- "Pepsi Brings Your
Ancestors Back from the Grave" .
Parker Pen in Spanish - "It won't leak in
your pocket and make you pregnant!"
ENGLISH IS NOT SO EASY
The farm was used to produce produce.
He decided to desert in the desert.
I did not object to the object.
The insurance was invalid for the
invalid.
Upon seeing the tear in my clothes I
shed a tear!
STATISTICS OF THE FUTURE
United States 1995 2050
White 74% 53%
Hispanic 10 24
OVER
DOUBLE
Asian 3 8
African American 12 14
Native American 1 1
IN VIETNAM
We became
colorblind!
GET INVOLVED
Technology is
connecting the world
and international real
estate is here NOW!
REALTOR
Realtors must embrace cultural diversity
and globalization!
!