To all my international readers, welcome. I am thrilled to have so many people interested in making money in the U.S. real estate market. In 2003, 85 cents U.S. would get you 1 Euro dollar. Now it takes $1.51 U.S. to get 1 Euro. Basically the Euro buys almost twice what it did in 2004 in the U.S. That means that the investment property that would have cost the European investor $100,000 in 2004 only costs about $55,000 today. Coupled with the 8% decrease in U.S. housing prices since last year, this is a remarkable time for Europeans to invest in U.S. real estate. Even as foreclosures hit record levels, those people still need a roof over their head. Why not buy their houses at deep discounts and then rent them back to people who would otherwise be thrust into apartments. Let me know cities you would like to invest in and I will see what I can find.
