European investors have a double bonus with an investment in California real estate as the dollar sinks to an all-time low against the Euro. I'm going to explain how a weakened US Dollar can benefit a foreign investor should they buy real estate in California.
Five years ago, $100,000 was equal to 100,000 Euro (the currency in Europe). Today, that $100,000 is only worth 72,000 Euros. A foreign investor can withdraw 72,000 Euros and convert it to $100,000 to use for a down payment on a Downtown Long Beach condomium. That property may have cost as much as $360,000 two years ago but is selling today for $300,000.