I have been here now for one full day and it is too early to say whether this opportunity is workable or whether I will be investing. There is still a lot to look at and to think about.

But one thing is for sure is that where i am property is now very cheap.

Another thing that strikes me is that despite what I have read in the papers about the severity of the recession in the UK, where I am seems to be relatively unaffected. No, I haven't done indepth economic research, that is based on an impression, so take or it leave it as you will.

it does strike me that just as the Halifax and Nationwide house price indices deal in UK averages and don't give an accurate idea of what is happening locally in individual locations, the same is true when economic data is bandied around. Some areas in the US will be very hard hit, some will be hardly touched. My first impressions are that this location is one of the ones which will be much less affected.

I still need to clarify some of the important details of how this will work, and I hope to get a chance to talk to the right people today