US mortgage rates are 6%+ at present & property prices appear to have dropped recently.
Ron J said:Advice is that market will recover very soon.
Ron J said:Hurricane Rita knock on problems & rising interest rates there have slowed everything. Maybe I'm being naieve but I look on NY as a buyers market at present and was looking to get in when prices are low & ex. rate is favourable.
Ron J said:Am I missing something obvious ? Are the pitfalls ie; exchange rate moves, tax issues, interest rates etc etc
If I go with all equity from here and want to sell or refinance the apt in a few years - is there a problem?
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