I remember the devastating floods in Queensland Australia when the powers that be allowed building permits for homes on 'ancient' flood plains because they were of the opinion that Global Warming would prevent future flooding.KARMA's a b.tch !!

I'm not aware of a global real estate license.

No question there is a global recession cooking and some nations are getting the taste of it.

Bank's look at a global approach to underwriting your deal including the cash-flow from the property, your personal debt to income ratio, your personal credit score, your personal assets and your property management experience.

Yes living expenses are used to calculate global DTI.

The best analysts have a global understanding of the real estate market and the flow of money between asset types.

Just like net worth is not considered usually as important as liquid funds and global cash flow from current investments, job, or business.

I invest in a global real estate mutual fund and let the mutual fund manager deal with the issues.

That being said, I think my coastal 92109 assets will outperform my Las Vegas assets over a 20 year hold as long as global warming or rent control / prop 13 repeal don't get in the way.

Charlie is investing in other markets and would consider global investing.