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Indifference's post #109 seemed about right to me, which is what I was alluding to in my post "Why Las Vegas?" As I recall Perp likes Taxas, Dallas for example, and so would I. As an Aussie I think I could handle Texans easier than New Yorkers and the climate would be better for a Qld boy...

San Francisco would be wonderful but I doubt there are many bargains there. San Diego has a good Aussie type climate and is close to Mex and LA. Mightn't be much cheap there either. Me? I'd still like New Orleans, to be close to the South and the music scene. And NASCAR racing. :D

OK So what about Ireland? I am half Irish and I reckon I would love their sense of humour. (Unlike others who shall remain anonymous :))

Them gun-totin Repups are what worries me. I doubt they have a sense of humour. Even you Aussies often miss-read me but at least you can't actually SHOOT me. LOL

That would be the way to go. That way you can borrow in US$ countering the exchange risk and take advantage of their low mortgage rates abt 4% for 30 yrs fixed I saw over the weekend. PM me if you have someone in mind. :) This latest mess where foreclosures have been put on hold because of...

Texas is a solid state which never had a boom and never had a bust, but the rental market would be ok there. Same with Hawaii. Florida has suffered badly but could you get a reliable tenant? If they can afford rent, they can buy. Besides, is there and industry there? I have discarded any idea...

No probs for me, I'm retired.:D But Mrs Fish wouldn't go so I'm talking through my hat really. I don't want to live under a communist regime here. I don't like the American system either but I could remain detached from it, I think.

Seriously, you cannot expect "consensus" on a single themed site such as this to be meaningful. But, to be fair, "consensus" is meaningless anyway, no matter how wide you get your input. I'm trying to remember John K Galbraith's dismissal of "common wisdom". Someone may be able to let us know...

The Illuminati is credited with that. :eek:

You may be right but that is beyond by ken and beyond my planning. I must hope for the best.

Why? The flaw in your logic is that you are assuming everything reverts to the mean, that nothing changes. If I were to point out that Aus property prices should revert to the mean of X3 times average wages you would object and say "It's different this time!" It's always different and this time...

I would only consider buying US property if I could get a US$ denominated loan for 80%. I would not invest aussie $s there.

I followed Daniel's link to Vegas property. There were 2,476 listings and the median was listed at $119,000. Built in '06 with 4 br, 3 bath it was absurdly cheap by our standards. Catching falling knives come to mind.

Vegas is froth and bubble, a proxy for "Wealthy America". Without the exuberant wealthy it has no reason to exist, just as Detroit now has no reason to exist. In fact they don't even have the means to exist. No water, no industry, no power. Everything is imported at high cost. It is oft said...

There are large parts of my little regional town that you should keep personal safety in mind, especially (but not only) at night. I would humbly suggest that if you threw a dart at a map of The Great Plains you could find a pretty peaceful town. I would also guess the locals would be...

You would need to check the body corp charges. I've heard that the banks don't pay BC fees on condos that have been handed back. Remaining owners have to make up the slack. :eek:

I seriously considered shifting to the US but knew I would need a convincing argument to present to Mrs Fish. Frankly, I couldn't find it. One problem I saw (and I'm serious here) is that I find Yanks and their politics to be a bloody big joke and I'd probably say so in the wrong company and...

Now you tell us! :D But there is an appeal to "cheap" houses.

Of course you can rent a house complete with cook/housekeeper and gardner in (insert your favourite SEAsian country here) even if your only income was an Oz age pension. "Owning" is a good idea sometimes.

I have a big tax incentive to go there and I have spent hours looking at US prop sites. One big neg is that Mrs Fish doesn't want to go there but that is not of interest to you. Another is that I have no idea how to get health insurance and without it, you could blow half a mil on a heart...