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Property in the US costs less than it did 7 years ago? Any chance you could reveal your source for that?Property in US at it lowest price in 7 years {approx}.
if you did feel that you were happy to expose yourself to US property and the Dollar, then maybe your best bet would be to go through a managed fund. This way you'll at least diversify out the risks of holding an individual property, avail of economies of scale on the management expenses and have no work to do! Also the fund managers will have the experience of investing in US property that you do not have. Investing in a managed fund through an AVC would also be tax efficient.
I'm an amateur but believe strongly that property bubbles exist in the price of the land not in the price of the build.
In Ireland its the land thats over valued not the house itself. Site prices in good parts of Cork City at 700,000 is sheer madness.
It's a good bet and one I'm going for myself.
Er, no. If speculators believe that the dollar will weaken in one month, they will sell dollars today. As they sell dollars, the dollar will go down. It will become a self-fulfilling prophecy. As you suggest, this is a complex business with a market of it's own. As such, for the individual investor (in whatever they are investing in) currency is a risk. The more illiquid the assets, the greater the risk (you can't get out quickly). Property is the most illiquid asset.If speculators believe that the dollar will weaken in one month they will buy dollars today. This demand for dollars affects the supply and demand of the currency and its price (exchange rate). Nobody knows where the dollar is going, full stop.
I can believe that me, an arch Yogi-Yellowstone property bear, is making a tentative bull case for property investment but here is my 2 cents.
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