This is a guest post by Andrew Brusnahan © 2011
The United States appears to be a haven, sought after by outsiders from all over the world. With the housing market there down lower than it ever has been, purchasing real estate there would probably be a wise investment. With a population of more than three-hundred million people, the United States is home to a wealth of real estate investing opportunities and will probably continue to grow as more and more time progresses. Therefore, now may be the best time to invest!
First and foremost, America as a whole is a relatively stable country when compared to the rest of the world. Aside from that, there is a literal melting pot composed of a multitude of different ethnicities, nationalities, languages, cuisines, etc. It is because of this that there is no shortage of homebuyers and renters in the States, so any home investment made there is may yield a high return.
Of course, whenever there are any financial dealings in another country, one must abide by the taxation guidelines set forth by that country; it is no different in the United States. Those of you who have grown used to their own income tax software will have to trade it in for an American version. For those who choose to reside in the United States, they will have to file income tax accordingly. Houses in the United States also incur a property tax, that can sometimes be a bit steep, but when the house sells or rents, it will all be worth it.
Most of the time, the United States is looked as a place where dreams can come true. For a lot of people, the States are, in fact, a place where dreams can come true because of all the opportunities available. Even though the housing market is down, the unemployment rate is down with it and now is the time to find work. Or, an ambitious entrepreneur has a significant chance of making a name for him or herself in the States. Therefore, purchasing a home can work as one of two types of investments. One type is simply investing to get a decent return. The other type would be an investment in one’s own future, or new future or should say, living in America.
So, if you are looking for an investment that has a significant chance of yielding a high return, then consider investing in American real estate. For several years now, the housing market in America has been on a steady decline and that downhill slope is only going to last for so long before it begins to rise again. Therefore, now might be the time to buy. A low cost of living, excellent tourism market, and multitude of home buyers and renters, are powerful motivators.