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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
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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
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