(Drum roll please)
The U.S. Home owner.
According to Zillow, the value of U.S. Homes rose by more tha 4% in 2015, with smoking hot markets founds in NY, CA and FL. I can attest to the absurdity of the NYC and surrounding areas markets, where bullshit homes in Brooklyn retail out for a million dollars. I mean, there is nothing redeeming about them or the neighborhoods they’re in.
According to Zillow, NYC homes rose by 8.3% in 2015.
Cali rose by 5.6%
And Florida rose by an amazing 8.6%. But who really wants to live in that bug infested cesspool?
On top of that, the value of the dollar rose by 9% in 2015, making U.S. Re especially attractive to foreign buyers, looking for a place to invest their money and get the hell out from their rapidly depreciating currency.
From my vantage point, U.S. Real estate will continue to win in 2015 because the dollar will be strong and the crazy eyed renters are gonna want to get a piece of the pin action, instead of making their landlords rich.
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The foreigners are going to be paying all the real estate taxes. Sweet.
Yes and will continue in 2016. Bullish on real estate.