US properties.. Particularly San Jose/Palo Alto area

[Comnao]

Frens

 

Anyone own or bought California properties before ?

 

What is the prices like ?

 

Foreigner can buy landed house?

 

Are they freehold ?

 

Any restriction in terms of state taxes or federal taxes ?

 

Intending to send my dotter there within the next 3 yrs

Planning her for stanford

 

Meantime should be using the house as a holiday home

 

I am familiar w that area bcos I was lived there for some time

But that was company rented apt and more than 15 years ago

 

 

[Lumens]

Try asking here - AskGuru

 

[Voodooman]

http://www.trulia.com/

 

It has an amazing iPad application.

 

Foreigners can own landed houses and they are all freehold. Palo Alto is expensive, relative to areas in LA. Property taxes can be a killer in California. My view is too early to buy now as prices are unlikely to hike by much as unemployment stays high.