US Housing Market...

[shaggin]

I have been watching the US housing Market for the past few months and as we all know it has taken quite the hit in certain areas. So I have been thinking that I will watch it little longer and Invest in a property somewhere south of the border, especially since the dollar is so strong.

Anyone share their or their families experience with buying property down there and also what cities do you think would be the best to invest in?

[clockworkboy3]

Atlanta...one of the biggest hit, Buy at auction

[AndrewMZ3]

I know several older people that have purchased in Phoenix. I can see Phoenix becoming a retiring baby boomer area so you may consider purchasing there.

[shaggin]

Phoenix is one city that I have been watching.

[el-nino]

Orlando!
number 1 reason...people are retireing

[ianmcc]

Texas. Look what $134,000US buys...
http://www.forsalebyowner.com/listing/40458

[88 CRX]

I moved from Calgary to Phoenix. The housing market here is definitely a buyers market.

[Chandler_Racing]

Originally posted by ianmcc
Texas. Look what $134,000US buys...
http://www.forsalebyowner.com/listing/40458

I've been looking in the Houston market and the $250,000 houses out there are in my opinion equivalent to a 800,000+ house in Calgary.

[AllGoNoShow]

Arizona seems nice to live in too.

Something I heard on CNN the other night, something liek 2 million houses are sitting vacant in the US, that's alot of houses they have to sell for cheap.

[modded46]

South Carolina FTW!!!

[Toma]

Hard to say how long it will last..... Fed is expected to announce another 1/2 percent rate cut to save the mortgage people.....

[modded46]

CountryWide also starting posting a profit for the first time this past quarter.. things are turning around there is no doubt about it.

[mountaindog]

Originally posted by Toma
Hard to say how long it will last..... Fed is expected to announce another 1/2 percent rate cut to save the mortgage people.....

Then US dollar to Canadian dollar will drop another 10%.

[Toma]

Possibly.... tough the market expects a rate cut, so most of it could already be factored in....

Dont forget bout the MUCH higher property taxes in the US when factoring your purchase.

[modded46]

Originally posted by Toma
Possibly.... tough the market expects a rate cut, so most of it could already be factored in....

Dont forget bout the MUCH higher property taxes in the US when factoring your purchase.

Difference is you can write off your mortgage interest in your yearly income tax..

But you're right property taxes are definitely higher in the US as a whole.

[modded46]

And when you can get something like this.. I'll pay an extra 500 or so for taxes NO problem.

http://www.servinggreenville.com/det...sid=71-1136705

[modded46]

hahah totally off subject but damn.. totally shows you how much we're getting raped here..


http://www.scdmvonline.com/DMVNew/default.aspx?n=fees

[Godfuader]

Already have property in Florida (1acre) and was looking at house in Georgia and a condo in Chicago. It is getting stupidly affordable.

[Canmorite]

Originally posted by Toma
Hard to say how long it will last..... Fed is expected to announce another 1/2 percent rate cut to save the mortgage people.....

0.25 is already factored in. The consesus on a 1/4 point basis cut is above 80% haha. 0.50 would be too much too quickly. The USD would plummet...more.

[Toma]

Originally posted by modded46


Difference is you can write off your mortgage interest in your yearly income tax..

But you're right property taxes are definitely higher in the US as a whole.

Fawk.... but that means I would have to get a real job to see the benefit