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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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