I've seen a report on TV last week, some people are making a very good living buying property in Florida and then selling it overseas (mainly in South America, Belgium, Italy and France). The guy I saw interviewed also bought property for himself whenever he made a profit. He and his brother have bought 94 flats for themselves during the past 18 months. I also heard of a guy who happened to have a little money on his hands, bought a motel (cheaper than the house I live in), moved to the US and is now running the motel.
I know of one guy who bought a nice small house in Florida (west coast), for 80 grand.
If I didn't have a mortgage at the moment, I'd be getting one for a house in the US (or a whole block in downtown Detroit, as a friend of mine suggested
).
I hear the banks have 5000 "new" houses to sell each month in Florida.
At least they haven't made the same decision as banks in California and Las Vegas (cheaper to bulldoze through entire neighborhoods than to insure the property they have seized, and pay security guards to make sure the houses are not broken in).