We have been thinking about investing in US real estate for almost 2 years.
True that, the 40+% drop in real estate value has been tempting, but the foreclosure inventory has also been a major concern. Some are predicting the current inventory will continue to drag on the real estate prices till end of 2011 while others predicting it will possibly take 103 months to liquidiate all the inventories in the current market.
On top of that, the tax and legal system for Canadian buying real estate in US is complicated to navigate. I haven't seen many articles that deal with this issue in great details except for these that touch on the basic.
Truila - What are the tax laws for Canadian buying real estate in Florida
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