No need to Rush to invest in United States

[Dave2]

Sometimes we are tempted to jump the fence and go where the grass is apparently greener. Moody's and Fitch the rating services are both forecasting continued declines in US housing prices which suggest there is not a need for rush. They are suggesting 8 - 10% further price declines. Here is the Moody's reference.

http://www.nakedcapitalism.com/2012/04/ ... rices.html

It also brings up an interesting question for local properties both rental properties and single family residential dwellings; as to how long can they continue to rise in view of the US forecast. Maybe its time to consider getting out of Dodge as the old western movies said.

Another issue is what regulation we face south of the border. This is what one US blogger had to face when he wanted to open a campground in Tennessee.

As I wrote previously, I am entering business in Tennessee, trying to reopen some closed TVA campgrounds. I was initially pissed off that Tennessee is one of the few states that double taxes S-corp earnings. I expect this kind of BS in California, but I keep finding more Tennessee taxes I have to pay. Here is what I have so far:

•Pay annual Secretary of State registration fee (Fixed $)
•Must collect state sales tax (% of revenue)
•Must collect county sales tax (% of revenue)
•Must collect a county lodging tax (% of lodging revenue)
•Pay state Franchise tax (% of net worth)
•Pay state Excise tax (% of corporate earnings, even for S-corp)
•Pay something called a county business tax (% of revenues)
•Pay annual registration fee for county business tax (fixed $)
•Withhold employee state income taxes (% of wages)
•Pay state unemployment taxes (% of wages)
•Pay state individual income tax (% of pass-through corporate earnings)
•Pay county property tax (% of assessed asset value)
I am sure I am missing a few. Except for #2 and #3 which are collected together, every single one of these requires a separate registration and separate monthly or annual filing.

[Marc]

Dave2, with all the seminars and sales for buying in the US your post is a very helpful counter-balance.

[Steves]

I'm still going to look. I trust the US system better than the McGuinty welfare rule of un-law.

[Dave2]

I'm still going to look. I trust the US system better than the McGuinty welfare rule of un-law.

Steves:

I didn't not to invest in the United States all I said is that a number of US BASED sources mention some reasons why there is no need to rush and hurry up; which is the message the real estate and the so called financial advisory industry always gives us. Why? some simple examples that show why the US is hurting.

http://www.doctorhousingbubble.com/shad ... -mortgage/

- 12 million americans underwater with their mortgages and 6 million already in default or foreclosure.

http://www.reuters.com/article/2012/04/ ... 9E20120404

The US has their own Unlaw as indicated here.

http://www.zerohedge.com/contributed/20 ... ant-under-

What scares me most about the US is the weak condition of their financial institutions.

http://www.gfmag.com/tools/best-banks/1 ... z1rMfkMQmA

In a country 1/10 the size of the United States we have 6 banks that rank more safe then best US bank. When your bank is goes bankrupt your mortgage becomes immediately due and payable.

My best investment return this year maybe found within half a block of my house. I will bet with anyone this board they can't get a better return and as no one will believe me I will ask Skitter to audit it when we get together. Of course there is a catch, but the fact remains that most people locally who knew did not have the Cojones to take a chance.

In the same post I also said if you are still a victim of the "McGuinty welfare rule of un-law" as you put it, to "Get out of Dodge". I am out for the time being and if and when I get back in it will be on my terms not the Governments. Noone forces you to get into this busines.