>U.S. Immigration: The first thing you do when you land in the U.S. is to buy a house

U.S. Immigration: The first thing you do when you land in the U.S. is buy a house Editor's note: House prices in the United States continue to fall, and the RMB appreciates. With a series of changes in external conditions, recently...

The GDP along the Washington-Boston route accounts for almost 1/3 of the United States. This highway is surrounded by blue sky and green grass on both sides, with a vast area and sparsely populated areas. The beautiful and majestic Single Houses are as beautiful as in the pictures. What is surprising is that many of the villas are priced at only US$300,000-400,000, which is equivalent to only RMB 2-3 million, which is barely enough to buy an apartment in a first-tier domestic city! Chinese-language newspapers even used the word "collapse" to describe the U.S. housing market. For example, "The homeownership rate has fallen the most in 80 years" and "Credit tightening on employment is unlikely to crush the American dream, and the home ownership rate has plummeted in the past decade." were headlines on a page of World Journal and Sing Tao Daily on October 7 respectively. The article mentioned that because young people cannot afford to buy a house, the proportion of households in the United States who own their own homes has dropped from 66.2% in the last decade to 65.1% in the past decade, the largest decline since 1929.

In the past two years, the number of people from Beijing and Shanghai who are inquiring about buying a house has increased, and more than 90% of them are considering studying abroad for their children. The family structure is mostly a "husband works + full-time wife" model. For this group of people, it is indeed a good time to "sell Chinese houses and buy American houses". If the most suitable calculation is that house prices are 8 times the annual income of ordinary people's families, the United States is almost the same, while China's first-tier cities far exceed this level. He suggested that if Chinese people really want to buy and invest in houses in the United States, they might as well choose a place near a university so that they can be rented to students. For example, near the University of Maryland in Maryland, near Washington, D.C., a second-hand house with 3-4 bedrooms currently sells for only $250,000-300,000, and the rent is about $3,000 a month. This method is currently being practiced by the Chinese.

The United States stipulates that loan interest can be offset against personal income tax-free. For example, if your annual income is US$100,000 and your mortgage payment is US$20,000, you only need to pay personal income tax of US$80,000. And now the annual interest rate of loans is low. The annual interest rate of a 30-year mortgage is only 3.875%. After deducting the annual property tax of about 1.5%, it is generally very cost-effective.