Chinese Money Monster Gobbles up US Real Estate
Over the past 3-4 years I have read article after article talking about how the US Real Estate market is a bargain for foreign investment. This turns out to be especially true for China. Billions of Dollars in properties are being gobbled up all over the country.
Should we be worried or sad about this? I don’t really know, not my line of work. What interests me is why are American investors not seeing the same opportunities. Well, maybe they are, just not as visibly or on that scale. I also think that we have forgotten what a great investment actually looks like. Expecting outrageous returns hurt the market and took us down a horrible path. Correcting that will take years.
Should you buy just because it is cheap?
What will the expected return be? Is it even realistic?
Here is just one article about the subject
http://bigrockinvestments.com/chinese-interest-hawaii-market/
Here in the DC Metro Area, we have an abundance of opportunities to invest in great Real Estate and the time is now.
Investments are always to be taken seriously, but there is a method to the madness. It’s called homework of DUE DILIGENCE!
Ask questions! Get the numbers looked at. Have enough of a margin to cover a rainy day or a month!
Later this week I will discuss the top ten things to look at when investing in Real Estate.
Real Estate Market Statistics for DC Metro | RBI
Real Estate Market Statistics for DC Metro | RBI.
Amazing numbers to look at.
Prices are up slightly
Rates are down
MANY qualified buyers out there
WE NEED GREAT HOMES TO SELL!!
