U.S. is not a good place for real estate speculation because ...
j_r...@yahoo.com
(1) There's unlimited lands in U.S. (while China, India only have
limited lands)
(2) Personal freedom to live and work anywhere in U.S. (while China,
India has lots of restraints in migration)
(3) Loose inter-personal relationship (so buying a large house usually
means indulgence in more luxury and comfort) (while in China, severe
limitation in personal living space makes even a minimum-sized house
buying a necessity for personal space and stress relief)
(4) Global income equalization process (or, U.S. matured
industrialization) makes limited upward potential for housing prices
(5) Strict immigration policy also limiting pyramid scheme development
(housing, just like stock markets, needs positive capital in-flow to
sustain the superficial valuation. It is therefore a kind of typical
pyramid scheme)
(6) Already heavily-debt household could no longer afford any more
burden for inflated housing prices
(7) Youth population in U.S. in not low. (In India, 60% of population
is under 35 years old).
Sorry, speculators. You found the wrong place.