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Look at this site:

http://www.foreclosedamericanhomes.com.au/

This is made for Australian investors only...
So Australians are considerate wealthy...or naive?
I have heard of an Australian man (friend of the friend) who is now retired but travels to USA as he has new business there. He is kind of wealthy and he is buying debts of American families there and making money on their misery...What can I say...Australia is just one of USA state in my eyes and people here are mostly as greedy as Americans. When money talks there is no mercy or honesty around...


Science without religion is lame, religion without science is blind...Albert Einstein

by vbo on Tue May 17th, 2011 at 08:41:48 PM EST
And look at these homes :
http://www.foreclosedamericanhomes.com.au/properties/

They are decent and are selling for as much as $35,000.Same home has been sold in 2008 for $330,000.
It was a lucky escape for previous owner, haha.
Scary...

Science without religion is lame, religion without science is blind...Albert Einstein

by vbo on Tue May 17th, 2011 at 08:48:08 PM EST
[ Parent ]
Wealthy and naive, I think.  

If you imagine the US economy is going to bounce back, you could be optimistic about buying, if you chose the property carefully.  

If you think--as I do--that the US is in permanent decline, you will have to be very careful indeed to buy into a neighborhood that doesn't just keep collapsing around you.  

And there you are--Investing from Australia as an absent landlord:  How are you really going to know what you are buying?  

The Fates are kind.

by Gaianne on Tue May 17th, 2011 at 10:08:56 PM EST
[ Parent ]
You wouldn't believe how many Japanese have bought properties here in Australia and they are managed by agencies. But that was during property boom. They are afraid here on Gold Coast of Japanese investors running out because of catastrophe in Japan.
I personally wouldn't buy in USA right now tho. I have no fate  in USA economy future at the moment...


Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Wed May 18th, 2011 at 12:08:59 AM EST
[ Parent ]

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