Property investment USA

When it comes to investing your money in property, it’s wise to diversify your portfolio. This can mean venturing outside of your comfort zone and considering investment opportunities interstate and even overseas.
The USA has become increasingly appealing to Australian investors with prices generally lower than Australian property and the promise of growth.
But you have to know the ins and outs of the US property market or else it could be money down the drain.

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Many Americans owe more than their home is worth
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Economists and analysts are predicting the weakened U.S. economy will depress housing prices for years, restraining consumer spending, pushing more homeowners into foreclosure and clouding prospects for a sustained recovery in the US property market. Prices have already fallen 31.6% from their 2005 peak, as measured by the Standard & Poor’s Case-Shiller 20-city index. And…