I am just thinking at the moment...such good value of land in the US. Since i am in australia, i am not willing to buy a house/apartment in the US, but want to take advantage of the low prices and the high aussie dollar.
My goal is long term cap gains and thus i was thinking of buying land there, so i am not concerned if the land does not appreciate much in the next 2 years or so, but should in 10-15 yrs.
I am thinking of 1/2-1/3 acre land in blue chip suburbs about 20-25km of large american cities. One such posting is: http://www.coldwellbankeratlanta.co...Num=20&StateID=15&RegionID=0&IsRegularPS=True
Plus, i am sure that american properties and land are subject to heavy negotiation, so i think i may be able to get the asking price down as well.
Your opinions?
My goal is long term cap gains and thus i was thinking of buying land there, so i am not concerned if the land does not appreciate much in the next 2 years or so, but should in 10-15 yrs.
I am thinking of 1/2-1/3 acre land in blue chip suburbs about 20-25km of large american cities. One such posting is: http://www.coldwellbankeratlanta.co...Num=20&StateID=15&RegionID=0&IsRegularPS=True
Plus, i am sure that american properties and land are subject to heavy negotiation, so i think i may be able to get the asking price down as well.
Your opinions?