This below data from RealtyTrac is interesting. Nowadays it is "cheaper" to buy an house in the US as compared to some HOT places in the Malaysia. Coincidentally the top US foreclosure cities have HOT weather. Looks like foreclosure phenomenon in the US is starting to rise again.
And the top Cities:
1. Las Vegas
2. Chicago
3. Los Angeles
4. Phoenix
5. Miami
71,264
Foreclosures Sold
98,657 -27.77%
Jul 2011 vs Jun 2011
228,098
New Foreclosures
212,764 7.21%
Aug 2011 vs Jul 2011
$173,496
Foreclosure Avg Sales Price
168,850 2.75%
Aug 2011 vs Jul 2011
indeed, quite a handful real estate investors have been sourcing properties in USA since 2 years ago.
Buy a house and rent it out in US since US people now are prefer renting?
@Micheal,
To do this kind of investment, certainly need someone in the US to manage your property. So far , have not heard any property guru prescribing this type of investment.
@ChampDog,
Yup they are afraid that buying a house will actually erode their networth as house prices is still dropping across US states.