Real estate is a game of LOCATION LOCATION LOCATION.... which means more than what street address you have... it's what STATE --- WHAT CITY --- What's the employment picture look like.
Here's the way I look at these things you mentioned. There's NOTHING you can do about the larger picture (selling to Chinese or Asians or Russians).... WHAT CAN YOU DO TO MAKE MONEY FROM THE SITUATION?
Also -- Buying "CHEAP" property in a town or state because it's cheap --- will lead to poor return on investment. A house in a town that sells for 100K -- that was 90K 10 years ago... is a big ho hum. Buy a 1 million dollar house in a hot market that sells for 1.5 million 3 years later -- that's a win!
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