They are many investors have been taking the plunge into US real estate, lured by the combination of a strong local dollar and dirt-cheap properties stateside in the former captain of the NRL team Canberra Raiders, Alan Tongue, is one of them to you can read of his experience, right and the are you may even be thinking of joining him to after all, there should still be opportunities for the enterprising investor when your own slice of the American Dream can be bought for as little as $30,000.
The collapse in the US property market has left properties in Sydney or Melbourne priced about 15 times or more what you might pay for a similar house in the US Of course, a low price isn't the same as a good investment and the would dampen your US-dollar returns to another problem is it is almost impossible to accurately gauge the relative values of properties in different countries.
A global cities of the US in New York, Chicago, San Francisco and LA are a different kettle of fish. Land supply is constrained, demand sound and the recovery story believable in the Oil areas such as Houston and Dallas can also be added to the mix if you don't mind additional exposure to the price of black gold.
The collapse in the US property market has left properties in Sydney or Melbourne priced about 15 times or more what you might pay for a similar house in the US Of course, a low price isn't the same as a good investment and the would dampen your US-dollar returns to another problem is it is almost impossible to accurately gauge the relative values of properties in different countries.
A global cities of the US in New York, Chicago, San Francisco and LA are a different kettle of fish. Land supply is constrained, demand sound and the recovery story believable in the Oil areas such as Houston and Dallas can also be added to the mix if you don't mind additional exposure to the price of black gold.
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