The Best Place to Invest in Real Estate

I was reading a blog the other day about some amazing real estate deals in Detroit. The author proposed this as the Best Place to Invest in Real Estate right now. By now we have all heard about the super low prices for homes in that area but would you really want to live there? There are many other hyped up cheap places to live and buy real estate - Kirkland Lake in Northern Ontario has been marketed as THE retirement 'hot' ??? spot. Whenever I read opinions like this I tend to pause. let my common sense kick in and then look a little further. Who is the blogger? Whenever anyone talks only about the U.S. I immediately discount the advice and check to see where the author is based. If he or she is American I discount the advice a whole bunch further. Regretably, Americans writing about the Best Places to Invest are typically off base simply because they forget there is a whole big world out there outside of their orders. I'm sure one day, in fact lets make it today, when someone (me) will compare American Investment Gurus to the Europeans of the dark ages who were conviced the world was flat! If you are serious about your investments and truly want to find the best places to invest in real estate or anything else for that matter I encourage you to look at credentials and seek out people who have a more global perpspective on the best place to invest. In this new era of world politics and global economics I know you will be glad you did!

A Cheap Place to Live with Job Opportunities

I was searching blogs today for the Cheapest Places to Live and read this interesting conversation. This fellow asked, whether Phoenix, Vegas or Orlando would be a cheap place to live with job opportunities and low taxes. Some intewsrting comments - the first perosn didn't like any of his choices claiming Phoenix to be crowded with snow birds and 'very polluted'. He did reocmmmend Tucson or Flagstaff if one was to choose Arizona.

Vegas too came up as crowded and with 'crime out of control'. But one plus is the lack on income tax and the gaming business keeping it one of the cheapest places to live in the U.S. Another fellow brought up, 'these three cities have no jobs whatsoever'. Good point - if you want a cheap place to live just go where no one wants to go! Read my last post about Detroit. And you might even consider teaching jobs overseas for Americans if you really want to make a change in your life.

Cheapest Places in New York

Came across an interesting feature today on the New York Times site it's called - FrugalTraveler Blog. Today Matt Gross blogs about going Cheap in New York.

Now New York is far from the Cheapest Place to Live but Matt does a decent job of sharing tips and tricks to bring the cost of a New York vacation way down. He's pt together a 'frugal traveler's guide' specifcally for New York City.

Anyhow, I know if you're reading this your into find cheap ways to travel and the cheapest places to live and visit so check out Matt's blog over at the nytimes.com!



If you're interested in a dialogue about Phoenix, Vegas or Orlando as cheap places to live read my next post.