Homes of the brave?

British investors are staking their money on repossessed US homes

... the rising number of foreign investors buying properties through their businesses, in particular investors from the UK. The strong pound, depressed prices and the fact that bidders can take part in an auction live online has attracted British property investors. Part of the appeal may also be attributed to the large number of vacation properties – beach, mountain or lake homes – up for auction. To read more Click Here.

From The Times, Homes of the brave?
October 5, 2007