Where should I buy a house in America?

Where should I buy a house in America?

Where to buy a house is closely related to your own needs. If it is for children's education, those who like China can consider San Francisco and Los Angeles in California. Those who like white areas can consider Seattle and Boston. If it is pure, it is necessary to analyze the risks and potentials.

Between 1998 and 2006, the percentages of California, Florida, Arizona and Nevada were all above 80%. Then in the real estate crisis that began in 2007, American house prices fell across the board, but the decline was very different. Due to the good employment support in California, the decline in these States is not large, and the core area of Silicon Valley has basically not declined; Due to the lack of good employment support in Florida, Arizona and Nevada, house prices have fallen sharply, and many houses have fallen back to their 2000 prices. Some houses are only 40%, even lower than the peak in 2007.

If you can bear higher risks, you can buy a house in Orlando, Atlanta, Phoenix, Las Vegas and other cities. The houses in these places are already very cheap, and the value may increase by-300% in 10; If you want the risk to be as small as possible, you can buy a house in Seattle, San Francisco, Los Angeles, Boston and other cities, and the value may increase by 50%-10.

For example:

A client is going to spend $500,000 to buy an apartment in Los Angeles. The monthly rental income is $2,500 and the monthly property fee is $400. Plus other taxes, the annual net profit can be at least $20,000.

Client B is going to spend $500,000 to buy a detached house in Los Angeles with a monthly rental income of $2,500. There is no property fee, and the annual property tax is $6,000. Plus other taxes, the annual net profit can be at least $20,000.

So, is there no difference between buying an apartment and buying a single house? Actually, it's not.

Client A's apartment in Los Angeles is dilapidated and often has various problems. Although it is already possible to rent it to $8,000 per month, the monthly property fee is $6,000, plus various fees. Customer A loses money every year and sells it for $500,000.

Client B's detached house in Los Angeles is also dilapidated. Client b decided to sell the house. Although the buildings on the ground are worthless, the value of the land where the house is located has appreciated by 10 times and sold for $3 million.

Domestic developers must not be confused by the recent 10 in the domestic real estate market, thinking that the United States is also like this. The most fundamental truth is actually very simple: once the above-ground buildings are built, they are depreciating year by year, and only the value of the land is added. The larger the land area, the better the location and the greater the value added.