I Guess You Can Take It With You

I remember a quote from the man handling Nelson Rockefeller's estate after he died. Someone asked him how much Rockefeller had left behind. The man answered "all of it". 

Well, I read an article today showing that while that is true when we die, it's not true when someone leaves the United States. Here's the article:

http://finance.yahoo.com/news/should-you-renounce-your-citizenship-144048875.html

We're approaching record numbers of people renouncing their US citizenship. They're leaving, and they're taking their money with them! This is not a sign of a healthy, robust, growing economy. It's another reason why I believe that our economy is in for more hard times ahead. 

For real estate investors, this means that foreclosures will continue. Savvy investors will be able to take advantage of this opportunity. 

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