well my brother in law has a stuning 5 bedroom house in a beautiful part of Texas with a pool to die for...price just $280,000 = less than £150,000, Texas mind you is one of the cheapest states, but their houses are so cheap compared to the UK.
Don't get me wrong I think the US is in a terrible state, but it makes me worry how inflated out housing market is, what could you get here for less then £150,000... a small house or flat somewhere you would not like to live.
The housing market in the US apart from places like California is still dead cheap compared to the UK, and their interest rates are roughly the same as ours.
If it falls another 20% as some people are predicting, then it could be very tempting to pick up something special in somewhere like North Carolina /
Florida for very little money relative to what one would have to pay here....
