Swooping Aussies

[anacostiakat]

Australians swoop in on U. S. forclosures.

CNN

[bolivr]

Very interesting, had thought of it myself as I had colleagues in MI who pointed out bargain houses in good areas when the auto industry was imploding a year ago. I did not want a place for investment but as a holiday /vacation place but then the cost of travelling over each year put me off the idea.

The economics though make a lot of sense from here now as an investment. Certainly rosier than buying in Australia where the talk is of the property 'bubble' bursting leaving buyers with a negative investment for some years to come.

As in any property deal though the first 3 rules are location, location and location and so look for the worst house in the best area - there's your ideal.

[brutusthebuckeye]

Interesting indeed!!!!!

I heard El Pres just picked up a little fixer upper next door to one of George Clooneys houses in a posh Northern Cali location...

[El Presidente]

I heard El Pres just picked up a little fixer upper next door to one of George Clooneys houses in a posh Northern Cali location...

Who leaked?

With the collapse of both USD and US Housing prices it is attractive.

Assume housing prices rebound 30-40% over the next 5 years and it is not a bad return. If the USD does a 20 % rebound at the same time it is a play of the decade.

[anacostiakat]

Who leaked?

With the collapse of both USD and US Housing prices it is attractive.

Assume housing prices rebound 30-40% over the next 5 years and it is not a bad return. If the USD does a 20 % rebound at the same time it is a play of the decade.

Can't wait!