While Americans are under daily assault telling them that when real estate is on sale, as now, the world is
coming to an end, no such bolox is being spread in the United Kingdom. There the subjects are being
encouraged to buy up the cheap property of the citizens.
While Americans are being told to sell off their real estate stock no matter how low they have to go, the British understand that there are more opportunities than ever for those who can buy in and who want to profit over the long-term.
Furthermore, in a recent interview for Real Estate TV, multi-millionaire US real estate investment guru Robert Shemin pointed out that British and European buyers are in a particularly strong position to buy assets in the US for well below market value because of both the advantageous currency exchange position that they are in, and because vendors and developers in America are so keen to sell off stock.
As if shooting ourselves in the foot with negative propaganda wasn't enough, the folks in the U.K. are advised that in the majority of states you can buy in low thanks to the weakness of the dollar, and if you shop wisely you will find real estate for sale at below market value that will rent well over the long-term and deliver you solid returns.
Not since the Battle of New Orleans, in the War of 1812, have the British been so eager to invade the Gulf States. Their desire is enflamed by GO Zone legislation.
The GO Zone is the Gulf Opportunity Zone that covers the Hurricane Katrina affected states such as Mississippi, Alabama and Louisiana, and where there are now exceptionally attractive government incentives for investors to purchase housing stock for rental to the awaiting displaced tenant demand.
In addition to the government’s attractive fiscal and taxation incentives to buy in and effectively house American citizens in the GO Zone, local developers are also competing against each other to make their developments more attractive to more investors meaning that investors who buy in now can walk away with some really profitable property.
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