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I have been looking around about prices in the USA and I have found that you can find, for example, a luxury two flat property in a beautiful resort for about 179.000$ in Orlando, Florida ( 87.000 pounds!!!!).
You can see some of them in the irish web site daft.ie, overseas link.
Is the devaluation of the dollar and the collapse of the real estate in EEUU a opportunity for the people with a lot of pounds of euros in cash?
I think is a very interesting question. What do you think?
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Peterparra 🙂
In history this is when the big money is made. 😆 or lost 😥
At this point in time no one really knows just how bad the sub prime lending situation is.
If for instance by the time we find out that its not as bad as expected then the big boys will already have dived in and made their fortune.
It would take a brave person to take a chance but its very interesting point you have made and you can be sure that there are thousands out there thinking the same.
On another matter though similar the I.M.F say that the U.K market is as much as 40% overpriced with up to 9 times earnings.
Now which do we sell and which do we buy?
As they say buy low sell high 😉Frank 8)
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Orlando is in the same position as the CDS. Lots of apartments built, Brits pulling out as they wanted to rent to pay their mortgage. (apartments well away from Disney are impossible to rent!) add high yearly taxes.
Gulf coast for pleasure…they are a snip just now, much more for your money then CDS, and better winter weather 8)
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Hi 🙂
Would luv to go for a property there as its great.
Fact is that for many Brits and Europeans its a long way to travel to and many have sold as they were not using them.
Also moving out there permanent is a difficult option and as far as prices are concerned it has always appeared much cheaper the U.K market.
The advantage for Brits and the C.D.S is travel time and the option to reside.Frank 8)
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😉
I would definitely buy/invest in the USA but only if they relaxed their rules on living there for Brits. etc.
I won’t buy anywhere that restricts visits and therefore living to 90 days (although I think this can be extended to 180 days). Why support their economy and housing when they have such stringent restrictions?
I thought Florida was going to let people from the UK retire there but don’t think it’s happened.
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I refuse to give my finger prints at the airport. Besides the roots of the western civilisation is in Europe.
I cannot subsribe to spending holidays/or investing in a paranoid society. Not to mention the ease of purchase/use of guns.
It may sound Alien to forum users but money can be made without selling one soul or concious. The weakness of the $ can be exploited by way of investing other Countries whose currency is tied to the $
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We have bought in Spain earlier this year but would have been Sarasota in Florida but form the length of the flights. USA gives a lot more property for your money and I would say a lower cost of living but 9 hours each way outweighs the advantages. However where we have bought in Spain is a great second.
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You are welcome forest fire. I am simply stating a fact about the American society. Sorry if you a member of the poodle club.
Yes, it is a Spanish forum. If you have not read, Peterpara was trying to bring to attention the investment opportunities that has arisen in USA, due to the weak $.
I am entitled to my opinion like you are. The difference is that unlike you I do not get personal.
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Not only 1 pound is 2 $. Today it has reached 2.06 and it seems reasonable if this anormal situation continues that 1 pound would be 2.5$.
If the pound reaches this incredible level it would be very interesting to invest in a property in the USA unless BCE and BoE starts decreasing interest rates because the export of good will suffer severely.
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So it’s ok for you to slag off an entire country but not for me to pick up on it? Is that how it works on Planet Shakeel?
Is it a fact that when you purchase a property in the states you have to pay with your soul or “councious”? Really? So who performs this transaction? The realtor, the local tax office maybe? Or could this just be bigoted nonsense? -
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Forestfire:
I do not slag of the whole Country. I do have some very good friends there. I stated that I will not give my finger prints at the airports nor do I wish to be in a paranoid Country. In a country where one shoots first and talks after words. It is an ethical investment decsion that I have taken.
When, I visit a country I use their hotels, bars, clubs, shops, car hire etc. make new friends revive friendships, thus extending warm’th and friendship in the global village that we live in and I am extremely comfortable with it.
You may not know that last week an UK labour member of the Parliment was held at Dallas airport for two hours of questioning. I leave you to guess what his relegion is !!! this was not reported in the broad sheets or on TV.
The American tourist department has noted a drop of millions of tourist,, despite of the weak $ and are concerned as to the reputation of the Country.
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As a lifelong USA resident I think Shakeel raises a valid point, one that does affect the desirability of buying real estate here. Safety includes many things, not just the likelihood of being mugged or shot but also how safe you are if you suddenly get sick and must attempt to use our health care system. Also some people feel unsafe when they are approached by the homeless, religious proselytizers, or the many untreated mentally ill, etc., all common experiences here. Many cities have incredibly dangerous districts that you may not know to avoid. Additionally I have friends in Florida who have given up their beautiful condo because the hurricanes hit them so often they couldn’t get rid of the mold, and it was too much to deal with. While the exchange rate is clearly a big plus, there are also these things which can be a legitimate down side for many people, and should be factored rationally into any decision concerning real estate. There is not a “safety net” here compared to most developed countries, and that has the potential to become a problem for any visitor. You need to be a little bit prepared for the jungle. No bashing intended, just a view of the big picture. There are some good reasons to come here, like education and internet jobs. But I think Shakeel’s attitude has a rational basis. Spain still has a lot to offer.
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@shakeel wrote:
Katy: Can you please tell me which paper did you read it in ???
Shakeel – there was an article in Daily Telegraph about this: http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/10/29/nmalik128.xml
Mr. Malik says he was “deeply disappointed” to be taken to one side at the airport in Washington and that “it has to be said that the USA system does not inspire confidence.”
Oh, but I think it does. Sorry Mr. Malik, but don’t see why you shouldn’t be treated like everybody else. Even Joan Collins has been taken to one side and ‘patted down’. What gives you the privilege of being exempted? -
Thanks Charlie for that info. I agree Mr Malik should be given the same treatment. Here goes an example of the American paranoia.
A list of passengers is provided to the authorities and an investigations could have been carried out before he landed to avoid a diplomatic cock up. I dont know Mr Malik’s reasons for the visit if it was personal he deserve what he got and if it was official than foreign office was caught sleeping once again.
In so far as Joan Collins is concerned. Perhaps they were trying to verify if its the same person. As the passport photos due to the alleged body work being carried out on her between the date the passport photo was taken and Ms Collins presented herself may differed.
The authorities must be wondering where is the suicide love belt Ms Collins is hiding.
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Actually, it does inspire confidence that people are questioned before boarding a flight. Being a member of a political party shouldn’t put people above suspicion.
My son-in-law travels around the world many times a year (job) and because of this he is often taken for further questioning, not just in the USA.
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