A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • 5 years ago

I keep seeing ads for houses in the US that cost only 50K or so... so if they are so cheap, why aren't American entrepenuers buying them, why do they need to try to sell them to Aussies? Are they dodgy?

  • This Question is Closed
  1. Owlfred
    • 5 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Hoot! You just asked your first question! Hang tight while I find people to answer it for you. You can thank people who give you good answers by clicking the 'Good Answer' button on the right!

  2. anonymous
    • 5 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    PS I am an Aussie. PPS I know about the GFC... but I still don't understand... my Mum always, said, if it looks too good to be true, it usually is... so...?

  3. anonymous
    • 5 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    think of ROI. $50K may sound cheap (depends in relation to what- historic, the area, your housing costs in AUS), but if the housing price does not increase past $50K in the next 10 years, is it so cheap? It is a lot easier to stomach buying an asset that is rising in value than one that completly took a dump over the past few years.

  4. anonymous
    • 5 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Hmmm... yeah, 50K is way cheap, compared with house values here, 300K will buy you a dump in the outer suburbs. It may not rise, but it can't fall much further either. No capital gain, but once it's paid off that's a little rental income... I could buy 6 for the price of 1... wonder what the rental is like, rental vacancy rate, what the landlord protections are, if a foreigner can even be a landlord... It might not be such a bad prospect, but a bit scary so far away.

  5. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.