Seems like you need the "watch?v=" link, not the "embed" one - I've fixed one of them
Announcement
Collapse
No announcement yet.
Invest in NZ - not in US properties is my mantra
Collapse
X
-
Whatever happened to Weston,
the Australian who hunted out
NZ properties for Australians and
then went to the States to hunt out
properties for whomever wanted to buy them?
Reminds me of what Dean is doing now."There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx
Comment
-
Originally posted by Shane D View PostJust to add a little balance to the topic of this thread.
Some examples below of some pretty nice houses for sale in Atlanta. You have to get past the delivery of the Aussie presenter though.
I must admit I have not done enough research on the location etc. But these videos are enough to suggest to me that investing in america MAY/COULD have some potential. I would NOT even dream of investing in ANY property without first going to the City and doing extensive research on location, demographics, population growth, employment prospects in the area etc.
Just some food for thought below
$54,000 foreclosure price
$59,000 foreclosure price
Shane
Shane
Comment
-
Phil Jones has made his Facebook page private now... a shame as it was bloody funny. He is now Phil Jones III. Apparently the Jones dynasty is strong with the force. Judging by the profile pic, this has not affected hos role on CSI.You can find me at: Energise Web Design
Comment
-
Riots in Greece and England are more than likely going to happen in the USA
More reasons not to invest in US property...
this is a very long article and links to lots more articles -
Where To?
The strikes and riots in Greece, Spain, England and elsewhere are one reaction to the raping of their countries by creditors and politicians.
Others talk about taking the power to create debt away from the giant banks. But the banks (and the politicians which they own) – are obviously against that idea.
Max Keiser believes that Americans will simply stop making their mortgage payments en masse, an idea which many have discussed (and see this).
Source
However this article is easy to understand and says it all - USA - set to become a 3rd world country.....
Let’s give that number some perspective. Germany, the world’s FOURTH largest economy is only $3.3 trillion in size. At $2.8 trillion the Fed’s balance sheet is larger than the economies of France, the UK, and Brazil.
Why is the Fed’s balance sheet so huge? Because US Treasuries are so unattractive to foreign Governments that the Fed has had to pick up the slack and buy our debt (usually within a week or two of it being issued).
Let me rephrase that: the US Fed is now printing money so it can buy US Debt because other investors are no longer interested in buying it.
This is just one of the various schemes Washington is employing to maintain its fiscal insanity. Another is the active raiding of pension funds to buy new US Debt (YES, the Treasury is doing this).
So… the US Government is now paying over 1/3rd of US incomes… and it’s financing this by having the Fed buy new debt from the Treasury.
Do you think this entire system might end up collapsing in a horrific manner?
Once you read that article - you'll understand exactly why I am worried Kiwis are going to invest in US properties touted by 'property promoters' looking to make a quick buck. And the quote below also belongs to the same article where 2008 was basically a 'warm up' so there will be no recovery for a very very long time......
So what happens when this Crisis hits and a partial if not complete Government shutdown occurs?
What happens when that 35% of incomes and salaries stops being paid? What happens when prisons and other Government paid services run out of money?
What happens when the next major banking run reveals that there is no WAY on earth the FDIC can truly insure all the deposits in the US (other than more money printing from the Fed)? What happens when the US defaults on its debts?
THEN and only then will we experience the REAL Crisis of the US Financial system. It is coming. There is no doubt about it. And people are only just starting to wake up to it (nearly half of Americans now believe we’re going to have a Great Depression).
DonnaLast edited by donna; 17-06-2011, 10:57 AM.Email Sign Up - New Discussions, Monthly Newsletter, About PropertyTalk
BusinessBlogs - the best business articles are found here
Comment
-
At first, I thought it a lark: New Zealanders buying property in the USA. Now I’m just plain amused.
It feels like the early to mid eighties: foreigners buying up bad USA commodities -- much like the Japanese did. But those of us old enough to know what happened in 1987 know better. It was a very good for the USA in the long-run, because those late 1970’s and early 1980’s bad asset class commodities, purchased by foreigners, came crashing down and the American’s were able to buy their stuff back for next to nothing. It was a good time to be an American – bad time to be a foreign investor (the Japanese economy still has not recovered). I suspect that history will repeat. The Europeans have been buying up much of Florida’s bad assets over the last few years, thinking they are getting bargains.
If you’re not an American, then you don’t actually know the difference between a bargain and a nightmare.Last edited by fatfishandchipman; 18-06-2011, 02:31 AM.
Comment
-
Originally posted by donna View PostMy concern with investing in US properties is the status of their economy etc - they are in deep brown stuff according to all the reading I am doing and it's not going to improve for them for a very long time so why would you want to sink any hard earned cash into their property market - great to get some good cash flow (though that may be short term if their economy worsens and more lose the ability to pay rent) and not so good if you are stuck with a property you can not sell if you need to - not to forget to mention the usual hassle with dealing with PIs so far away from where you reside....and of course this is just my own personal opinion. It becomes more of a sham (in my humble opinion) when you buy from finder and there's lots of interested parties clipping the ticket on your purchase - geez and maybe on the management of it too.
cheers,
Donna
Donna,
The facts are simple. New Zealand home values are too high, and regardless of slow or nil home sales in NZ, property values still remain artificially high. And yet, in the USA, property values have fallen and so their market is much more buoyant and far more attractive to foreign investors.
Now having said that, everything a New Zealander knows about a property market is wrong when it comes to doing business in the USA. Truly, there was never a better example of a fish-out-of-water than a New Zealand property speculator doing business in the United States. This is going to be amusing to watch…Last edited by fatfishandchipman; 18-06-2011, 02:32 AM.
Comment
-
Why waste your time in Memphis when Baltimore is SO MUCH CHEAPER? <snort>
Originally posted by fatfishandchipman View PostAnd yet, in the USA, property values have fallen and so their market is much more buoyant and far more attractiveto foreign investors.
Message subject: Huge Price Drop!!!...Big Profit In Hot Baltimore Neighborhood
(I am in no way promoting or endorsing this. Just the opposite, really. Why are they emailing/spamming me in New Zealand? Run a mile.)
-PPeter Aranyi
Blog: www.ThePaepae.com
Comment
-
Kerry,
"this market" is a bit of a over generalization of the US market. Can you be more specific? What cities?
Looking forward to hearing more about your 4 weeks "actual reseach" on the ground. All we have heard from the detractors is the odd gloom and doom generalization of the USA market. But then anyone can google a doom/gloom article on google, post it and say "seeeeeeeeeeee I told you USA property investment is crap to invest in".
It is going to be refreshing from hearing from someone that ACTUALY did some real research.
Shane
Comment
-
kerry whats your take on it? 4 weeks you must have concluded some opinion and looked on some deals.New Zealand's #1 Marketplace for Property Investors & Sellers!
FREE Access to HOT Property Deals
CLICK HERE FOR MORE INFO.
Comment
Comment