American property investors get burned

It's easy to say we told you so, but reading recent stories in the Guardian of naive UK property investors buying property in the US makes difficult reading for any property investor.

There are parallels in this story which can be drawn with all types of property investment.  The essence of this tale is that surely if something is such a good thing then you would want to keep it all to yourself?  So should you trust somebody who is trying so hard to sell you it to you. 

The interesting thing that after carrying an excellent piece on the fall out from these scheme is that at the bottom of the article in the related content box was a link to another Guardian article back in 2011 which highlighted the opportunities of buying these same properties.  Responsible or just journalism?

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