We read in today's paper that houses in the United Kingdom are down for the second month in a row. During the housing bubble, British housing rose even more than did those in the United States. And those in the U.K. probably have a lot further to go down.
And consider this:
Measured in gold, housing in the U.K. has been going down for the last three years!
If you measured U.S. housing in gold, the average house cost about 650 ounces in 1997. Now, that same American house costs only about 500 ounces of gold.
And when measured in euros, the average U.S. house cost about 250,000 in 1998. Now, however, even after doubling in U.S. dollar terms, that same U.S. house still costs only about 275,000 euros.
What's the takeaway? Simple. NOW is the time for holders of British pounds, euros, Canadian dollars and other foreign currencies that have made great advances against the U.S. dollar over the past couple of years to capitalize on their "Currency Advantage" and to invest in American real estate.
And where is the perennial best place to invest? Southern California, of course!
So be sure to contact us, Jeff and Tim James. We have a global perspective, and local expertise. Go back to http://www.invest-in-california-property.com/ and click on "MLS Search" to access over 100,000 properties currently listed in the Multiple Listing Services. Shop around. And when you find a home, condo, income property, a working ranch or vineyard, or vacant land to develop contact us through the site's "Schedule A Consultation" page. We look forward to hearing from you.
Cheers!
~ Jeff and Tim James
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