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Hi All,
I am more convinced by the day that investing in USA properties is a dead duck. Check out this news item titled:
Decline and fall of the American Empire -
and here is an extract....
Do you really want to be lumbered with a US property.......
Source
Andrews Waite told me that Dean Letfus and co - have acquired (access to)* 200 odd US properties to flog off to anyone who will have them. Personally I wouldn't touch them with a barge pole.
There are oodles of great properties here in NZ to invest in - I say don't get sucked into investing in US properties. This is not financial advice - just my own personal opinion having read a lot about the 3 E's - economy, energy and environment and in particular the USA economy.
Just my 10 cents worth.
cheers,
Donna
* I have put in the wording 'access to' to clear up any misunderstanding as to what I meant by 'acquire'. Further on in this discussion I have asked Dean what Andrew said - he'd told me but Dean declined to do say - hence I added the words 'access to' to my statement.
I am more convinced by the day that investing in USA properties is a dead duck. Check out this news item titled:
Decline and fall of the American Empire -
and here is an extract....
America clocked up a record last week. The latest drop in house prices meant that the cost of real estate has fallen by 33% since the peak – even bigger than the 31% slide seen when John Steinbeck was writing The Grapes of Wrath.
Unemployment has not returned to Great Depression levels but at 9.1% of the workforce it is still at levels that will have nerves jangling in the White House. The last president to be re-elected with unemployment above 7.2% was Franklin Delano Roosevelt.
The US is a country with serious problems. Getting on for one in six depend on government food stamps to ensure they have enough to eat. The budget, which was in surplus little more than a decade ago, now has a deficit of Greek-style proportions. There is policy paralysis in Washington.
Unemployment has not returned to Great Depression levels but at 9.1% of the workforce it is still at levels that will have nerves jangling in the White House. The last president to be re-elected with unemployment above 7.2% was Franklin Delano Roosevelt.
The US is a country with serious problems. Getting on for one in six depend on government food stamps to ensure they have enough to eat. The budget, which was in surplus little more than a decade ago, now has a deficit of Greek-style proportions. There is policy paralysis in Washington.
America has more homes than it knows what to do with, and that state of affairs is not going to change for years.
Andrews Waite told me that Dean Letfus and co - have acquired (access to)* 200 odd US properties to flog off to anyone who will have them. Personally I wouldn't touch them with a barge pole.
There are oodles of great properties here in NZ to invest in - I say don't get sucked into investing in US properties. This is not financial advice - just my own personal opinion having read a lot about the 3 E's - economy, energy and environment and in particular the USA economy.
Just my 10 cents worth.
cheers,
Donna
* I have put in the wording 'access to' to clear up any misunderstanding as to what I meant by 'acquire'. Further on in this discussion I have asked Dean what Andrew said - he'd told me but Dean declined to do say - hence I added the words 'access to' to my statement.
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