Hi James,I have several contacts with foreign investors who are pulling together their resources to get Scruggs, some from England, Canada and Australia.  

LOLHey Bob,Thanks for your postYou had me at "hello" and I just had to respond again hahaI picked up "Argy Bargy" from Australia (Where I am from) lolIts a pretty cool saying hahaNo fear on my behalf.

Hey everyone,I've just moved to Houston from Australia but I'm originally from the UK.

Hi guys Sahl here from Melbourne, Australia Really interested in getting into the real estate game i know very cliche hahaLooking for someone preferably from Melbourne to guide me where to go, how to get started what exactly i need because most of the stuff i read relates to us markets and it does get somewhat confusing for a newbie like myself Any help would be appreciated,Cheers Sahl

Main reason of crash last time was  Zero down mortgages... current market has more than 50% cash buyers and remaining are 20-25% down. they will hold on to their property.... not letting go bankrupt.Specially Hedge fund and foreign investor buying all in cash... they have deep pocket to hold on to these properties... same way it happen in Canada, Australia and India... after huge appreciation, price stay flat... no burst...

I'm currently in Australia and running my business in the US.

:wowie: If, in Australia, I default on a mortgage and the bank sells the property for less than the outstanding balance, the bank could (and generally would) pursue me for the remainder for years to come. eg If I default and my mortgage is $250K, but they sell my home for only $200K, I have to keep paying the bank until they get their $50K back.

But countries such as Australia and Canada, which only suffer modest fiscal deficits, have experienced rising rates as well, so it cannot be the only explanation.Maybe the answer is to be found in the safe haven argument.

He is moving back to Australia after the company sells. www.chassisdesigncompany.net chassisdesignco on InstagramDLLuke 2:14KJV 

We have a legitimate subprime auto loan bubble, wall street has securitized cell phone bills and rent payments, the stock market seems to have no place to go but down, incomes are not keeping up with home prices, Canada and Australia are facing housing downturns, foreign investors are bidding up high end homes, private commercial lenders seem to be spending big bucks on finding new customers and HGTV flip shows and investors are all over the place....