Quote:
Originally Posted by JP-pornshooter
conclusion: europeans should look at investing in real estate in USA.
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What a stupid comment to make. If I buy a house in the US for 300K USD its worth £150K. Now as the dollar isn't getting any better, in about a year it will be worth still $300K as the US housing market isn't going up right now from what I hear, but the dollar is shit so the house will be worth the equivelant of £135K as it'll get worse and worse.
I know someone who bought a house in Florida 3 years ago for $300K, back then that was around the £190K mark. Now its still worth around $310 and thats only £165. She's made a loss on her house there. If she wasn't renting it out then it would have been a total waiste of time.