Quote:
Originally Posted by dHeinwitz
Unless you invest in big cities in the US, don't expect properties in remote area such as NC to go up much. Also, many remote area in the US depend on corporations. If a corporation move out of the area, then that town/area will get slaughtered. While NC is a nice state, but it is not exactly a booming state, it is also known for for it's tobacky roads than anything.
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There are many reasons why people will buy a property. The USA is still a firm favourite with British buyers (mainly in Florida) I have lived in the USA and can fully understand why a retired Brit or other Euro retiree may wish to consider it as a retirement option. It has a lot going for it.
For these people it won't matter who owns what locally, in fact, from a purely pragmatic view the loss for the Americans works in favour of the foreign buyer. It also would not matter so much how their property appreciates - they are there because they wish to live there not because their purchase is going to make their heirs a fortune - whilst nice this is not the main motivation for them being there.
Southernbelle is the local expert, she knows better than any of us, sometimes opinionated foreigners, what is happening in her back yard - I'll put my faith in her judgement.