You cannot make money in property any longer, least of all in the US.
I’m sure people say that near the bottom of every cycle, then some people go on to make fortunes out of property. This time around I think it might take longer than in previous cycles, but essentially it will be no different. We will just have to wait 10+ years to find out who is right 😀
If I could, I would buy prime US property right now. Relative to other assets inclucing cash US property is starting to look cheap, and relative to gold it’s down 80pc. Meanwhile, the stock market is something like 50pc over-valued, according to The Economist.