Quote:
Originally Posted by lorenzo
Florida is a BIG place. It's a bit like saying I have been asked to buy a house in the UK - good idea?
But generally you have missed the boat.
Another big problem with Florida is just how much harder it is to get in after 9-11. It is no fun at all at the airports and that puts return visitors off. Rentals are ten a penny. You can get them for below cost most of the time. Many just sit empty.
Thanks
Lorenzo
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My American partner is telling that for the first time in many months the discounts on the properties are halting and properties are going for the asking price. He is understandably cautious and says it is too soon to be certain the market has bottomed out but for the first time in far too long he is optimistic (however cautiously so)
There are areas of Florida where there are still opportunities but most of Florida represents a large gamble.
By far the better bet is Georgia and the Carolinas - properties near the coast and the mountains are good value as are certain golf properties. There are commercial possibilities available for those who are focussed and know exactly what they are looking for.
IMHO the days when someone could come to fla and purchase a villa or condo and have the rent pay for it and the one next door are gone and won't return for many a long year- there is a huge over-supply in Fla. Not so in the other SE states for specialist properties.
BTW Lorenzo is right the USA is a pain to get into and expensive to get to nowadays.