I'm seriously thinking about investing in Florida properties. The more I investigate, the more motivated I become to:
The price has been down for 50% or even 60%. You can not ignore this.
Comfortable cash flow, even after factoring in high taxes, insurance, and condo fees etc.
Price/Rental ratio is below 10...in Canada, this kind of property only exists in one's dream.
Everything looks like so promising but I just couldn't figure out: If U.S. property market is so attractive, then why these local Americans are not buying?
What could be the reason that prevent them from spotting this 'life time' opportunities? Are they kind and generous enough to only leave this fact profit to foreign people, like Canadians, to fetch up? Are all Americans so poor even can not afford a 50K condo?
I'm not biased against/towards either side. I just want to do a complete due diligence.
Any comments welcomed - encouraging, discouraging...
The price has been down for 50% or even 60%. You can not ignore this.
Comfortable cash flow, even after factoring in high taxes, insurance, and condo fees etc.
Price/Rental ratio is below 10...in Canada, this kind of property only exists in one's dream.
Everything looks like so promising but I just couldn't figure out: If U.S. property market is so attractive, then why these local Americans are not buying?
What could be the reason that prevent them from spotting this 'life time' opportunities? Are they kind and generous enough to only leave this fact profit to foreign people, like Canadians, to fetch up? Are all Americans so poor even can not afford a 50K condo?
I'm not biased against/towards either side. I just want to do a complete due diligence.
Any comments welcomed - encouraging, discouraging...