[quote user=MarkTorgerson] What are you buying for? Strictly investment as a rental? Something for yourself to get away from the harsh Canadian winters? Something for yourself with a combination as a furnished rental?
Phoenix led the nation with a 17% increase in property values the last year. It should continue to rise. They are still far from the values in 2006. Investors have been scooping up property like crazy which has been saturating the rental market and driving rents down. I prefer to make money in my own backyard without all the hassles of international investing. Plus there is no shortage of crime in that price range. Be careful of the neighbourhood. I'm looking to invest in Phoenix as well but as a 2nd property to get away from the cold. The prices are still good.
Rickson, good job on buying when the market hit bottom. I'm sure you will continue to tell your story for years to come.
Thanks Mark! As you know, many REIN members loved talking about my investments in Phoenix, AZ property in 2010, 2011. Oddly enough they're quite silent about it now.
For the OP, you may find this thread useful (or not):
Canadians Snap Up US Properties