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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Slumdog who wrote (113858)	10/18/2015 3:47:54 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 217740

Australia has long required a permanent residency visa at a minimum to purchase residential real estate to great effect. The alternative for foreigners is to buy certain managed holiday rental properties where the units are required to be available for rental when the owner is not present. It's essentially little more than buying your own hotel room. The longer term experience with foreigners buying California real estate shows buyers, like the Japanese, paid absurd prices - merely to later sell these properties at a small fraction of the price they paid. This is just another form of a real estate bubble, where prices are disconnected from rental values.