[ianb78]

Seeing as though UK property is still defying its well overdue correction I have been considering overseas investment.

It seems to me that property in parts of the USA have become very much more affordable over the years.

In particular properties in Buffalo (NY State) seem very cheap. One had a net rental yield of 17%!!!

I was wondering whether anybody had any opinions about investing in such areas

[I'M WITH STUPID]

I think every last cent has already been squeezed out of the US property market - there's a reason properties in upstate New York are cheap - its cold, there's no work and nobody wants to live there, the same reason Londoners think parts of the north of England look 'good value' until they try and make any money out of it. ..

Still 17% yield is pretty impressive and would pay for your purchase in just six years