andrewe303 replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 13 years, 10 months ago
Charles 1 wrote:
Interesting article in Property Update yesterday on investing in the USA.http://propertyupdate.com.au/articles/is-the-investment-grass-really-greener-in-the-us.html
Read it and take out of it what you will. There are always different opinions on how and where to invest
well the first thing i took out of this is that the…[Read more]
andrewe303 replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 14 years, 1 month ago
“brilliant business those banks are in, borrow at 0.50%, and get 4% back…”
The problem for the US banks is that rates wont always be at .25-.5% but they have to commit to 30 years at 4%
so in 3 years after recovery comes then rates are back to 2-3% the margins are not so good.yes huge mistake by Jenman
andrewe303 replied to the topic MyUSAProperty – Beware !!! in the forum Overseas Deals 14 years, 1 month ago
Sceptical Steve wrote:
Perhaps those that are keen to invest in the USA should first read what Neil Jenman (a well recognised consumer advocate) has to say on the topic – click on the link below. As a Licensed Estate Agent and Property Advocate, my recommendation is that people should be very careful when they are about to part with their hard…[Read more]