Quote:
Originally Posted by Ross
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.
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if you think it keeps going down, sure you could loose depending where in the US you buy.. but the pound is not going to go any higher against the dollar..right now is peaking so you get lots of US house for your pst.. and besides we need you to invest in our falling real estate market..