People just don’t seem to have an idea of what is going on down in the US regarding the Real Estate Foreclosures. For some families it is a complete nightmare as will see in the video from the link below. People abandoning their homes, leaving all their possessions behind and companies coming in and throwing EVERYTHING away! Over inflated properties that are now selling for 50% of their original value since there is no one to buy them.
When you see this video and get a bit more of an understanding of what is happening in many areas of the US, the first question you may want to ask is, Why would you want to invest in US Real Estate right now!!Yet the ads keep showing up on billboards, radio and magazines touting incredibly low prices in the US and a great time to buy. It could be years before some of these areas make any type of recovery, yet you are stuck in the investment. So think carefully before you jump into any US based opportunities. There will be a time it works, but it just isn’t now.
Once you watch the video, if you could take a minute to post a comment here on the blog, I would love to see what your thoughts on this are, whether you had any idea of how bad it was and any other thoughts you may have about the market.
=====>>>>>>The Sad Reality Foreclosure Alley
There is a lot going on right now with mortgages, banks and the Real estate markets, so I won’t email update you on everything, but be sure to check in over the next week to see if you are missing anything.
