Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Wednesday, November 02, 2011
Canadians and Australians are investing in L.A. area real estate
Apparently, a significant number of Los Angeles real estate investors are coming from Australia and Canada, and many are paying all cash for homes for sale in L.A! Will it be long now before California secedes and becomes part of the British empire? Do you know anybody in either of those countries? If so, please let them know that you know a top Realtor. By the way, the pic above is Australia on the left and Canada on the right.
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No doubt on the Aussie's buying here. I'm based in Sydney 4 months a year. Housing is through the roof there and still climbing. Similar to the climb we went through. General vibe there is they are waiting for it too, to pop. Tick..tock..tick..tock. :)
ReplyDeleteTonyM
Well with the Australia and Canada's housing market unstable and rising, there is really nothing to question about why people are taking their steps in LA or probably other US states as well.
ReplyDeleteReal Estate Course