Should Australians Still Invest Properties in the united states?
For several years now, people have been trying to call me to ask if it is still a good idea to invest in property in the united states? I have been buying properties in the united states for more than 20 years already. Buying a real estate in the united states started in the late 80s, when i got myself involved in the loan debacle and savings 英國樓盤. This was when the banking system in the southern states was failing and we even had to make transactions of the property buying and selling without any banking system, since there were virtually no banks around.
Now it’s as if there are bank crisis every 20 years in america. Prices significantly dropped, sometimes 95 cents on the dollar, when i was buying properties. We can even buy properties 5 cents on the dollar! There were even home units that we could buy for as low as $600 and a couple of thousand dollars per house.
The fact that the Americans are currently going through a major bank crisis, a lot of Australians are apprehensive to take advantage of the US market. Perhaps you don’t have to worry about this issue if you are not going to live in the united states.
In the late 80s, I did spend a lot of time with some Australians who were trying to save what’s left from their capital, the capital that they have invested in the U. S. And after 20 years, I’m doing it again – helping Australians who lost a lot of money, to get out of the united states and will still be able to keep the remaining capital that they have invested.
Why do you think this happened? Why do some Australians invest in the united states and end up being disappointed? Even if we read about 15% returns – 25% returns. I will examine that fact for you in a little while. But before that, I’d like to go back to analyzing the differences between the way Australians do business from the way the Americans do business. Most of this is outlined in the book, written in the 1970’s called, “American and Australian Cultural Differences.