Quote of the day – Warren Buffett
“If I had a way of buying a couple of hundred thousand single-family [U.S] homes and had a way of managing it, I would load up on it.”
-Warren Buffett, last week.
I agree with Warren Buffett.
I personally believe in key cities we are now seeing the bottom of the US housing market.
And with a lot of foreclosures about to be released it presents perhaps the best property buying opportunity so far.
House sales in the US are now increasing.
Once surplus supply has caught up as a result of the growing US Population (estimated in 2 to 3 years in select markets) we will see price growth again.
In some markets we have seen it already.
However I’m happy to acquire as many US Properties as I can based on zero growth for 10 years.
Why?
If you’re getting 20% net return the house is repaid in 5 years, capital growth is irrelevant.
Key Points of why I believe we are close to the bottom of the US Housing Market;
Three months of employment growth in the US is driving an increase in home sales.
Sales of previously owned homes rose by 2% in January.
Sales of pending homes are seen as leading indicators.
Home sales climbed 10.3% compared with a year earlier.
Borrowing costs are also staying low.
The average rate on a 30 year fixed mortgage is 4.09%
It will be a slow recovery but a recovery nevertheless.
Patient investors who act now will do well.
This is why I think Australians should load their Super up on US Property.
Why leave it in managed funds going nowhere?
When 20% net rental returns are available and all arranged for you backed by real estate.
US Housing for cash-flow and future capital growth combined with Australian land for significant capital growth and little outlay; I see very little in the market place that can compare.
Ask your financial planner to offer something superior.
They have little answers and little idea how to get their clients into lucrative investments such as this.
Jamie McIntyre
CEO of 21st Century Education
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