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invest: International Investment increasing in the U.S. - 01/10/07 10:23 PM
The world is getting smaller every day.  With an increasing global economy, anytime can be a good time to sell property.  South Koreans are on a home-buying spree in several U.S. cities, including New York, Los Angeles, San Francisco and Atlanta, according to an International Herald Tribune article. Their purchases are spurred by a May 2006 Korean policy that allows individuals to invest as much as $1 million overseas, the relative strength of the Korean won and the sagging U.S. housing market, the newspaper says. South Koreans' investment in U.S. residential real estate is expected to total $2 billion in 2006, … (4 comments)

invest: Invest In Future Vacations - 12/18/06 10:50 PM
If you regularly visit the same place, you may want to consider investing in real estate there.  The truth is that second homes are no longer only for the wealthy.  On the other hand, the hard to read stock market, and an economy that is slowly climbing out of the doldrums, point to frugal budgeting.  But attractive interest rates and respectable returns on real estate investment have made second home mortgages worth considering.
More than likely you will not add a vacation home to your investment portfolio strictly for diversification.  But if you're already spending time every year in the same location … (1 comments)

 

Kevin Murphy

Saint Albans, NY

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Skylight Real Estate Consultant

Address: 187-08 Linden Blvd, St Albans , NY, 11412

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