More very positive news for Canadians investing in U.S. real estate today team! The perfect storm continues.
“Bitter feelings over the downward spiral of the U.S. housing market are encouraging economists to promote unconventional ideas, including getting the federal government to bail out underwater homeowners instead of bailing out banks. Critics argue that unfairness to those who can pay their mortgages would be mitigated by the overall rise in home values while also keeping homes out of the hands out of the government, which now owns the majority of distressed properties in the country. This idea is the product of a growing belief that the U.S. housing market is entering into a prolonged Depression and that aggressive action will be needed to turn it around.”
That article from noted real estate source The Street pretty much sums it up.
This is the perfect time to take a serious look at buying U.S. properties but you need to be educated first. The rules, regulations, procedures and laws are different and if you don’t learn the theory and the process first you may be in for some very nasty surprises.
We are actively buying U.S. real estate on a daily basis and if you’d like to tap into our resources, you can find everything you need on our website.