The timing seems to be right – prices of homes have come down by up to 70% since the Sub-Prime Crisis. We are actually back to middle 1990s values! Millions of homeowners were foreclosed on – and as an effect, the rental market skyrocketed because those former homeowners now need rental property to move into. The American property market is highly regulated: previous home values can be easily cross-checked and tenants are screened through a sophisticated credit-checking procedure.There are no title issues, landlords do not have to furnish rental properties and do not need to worry about the tenant running up utility bills at their expense. In locations such as Orlando and Tampa in Florida, rental yields of up to 12% are attainable. In addition to the above, the US economy is now back on a track of growth once again. Unemployment is below the OECD average, at about 8%, with new jobs being created each month. GDP growth is at about 2.75%. Many analysts would agree that in locations such as Florida, property is now undervalued and this window of opportunity will not remain open for long...
The US Economy
The US has the largest and most technologically powerful economy in the world.
Industries: highly diversified, world leading, high-technology innovator, second largest industrial output in world; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining