Millions of Americans Thinking Of Leaving U.S.
From Agora Financial:
Here’s an interesting trend: 1.5 million U.S. households are preparing to move out of the U.S. A poll by Zogby Intl. of 115,000 Americans estimated that:
- 1.6 million U.S. households have already made the decision to leave;
1.8 million are seriously considering and likely to leave;
7.7 million are somewhat serious about leaving and may do so;
3.0 million are seriously considering purchase of non-U.S. property;
10.0 million are somewhat serious about purchase of non-U.S. property.
“We are not talking about the next major deployment of National Guard units to the Middle East,” comments Mike Muehleck in Strategic Investment. “In fact, none of the emigrants are government workers or corporate employees leaving for temporary overseas assignments. This is a group of malcontents and adventurers. They consist entirely of private citizens and their families packing up and leaving the USA at their own initiative.
“Why do people leave home for strange foreign lands? While a handful might claim to leave for political or religious reasons, most seek greater economic opportunity. All of my grandparents emigrated from Germany.... None came because of a burning desire to be ‘free.’ They all came because they wanted to make more money and thus enjoy a better life.”
With the exporting of jobs, major corporations taking advantage of growth opportunities overseas, the incredible fragility of our economy which many (including myself) believe to be the beginning of the next Great Depression, does it really come as a surprise that a significant percentage of American households are looking for greener pastures? I'll admit I've seriously considered purchasing land outside the U.S., not because I'm unpatriotic, but because I realize the times they are a changin'.
And unlike the last Great Depression, corporations have many other places in the world to reinvest today. They don't have any obligation to reinvest in our economy. In order to satisfy shareholders they need to go where the growth and the profits are. So, this country's economy and its citizens are heading into unchartered waters...many of us without a life jacket.
However, this presents interesting opportunities for the solo. Some very enterprising solos are creating alliances with solos and small firms overseas who are interested in doing business with U.S. citizens who want to purchase real estate overseas outside the U.S., expand their businesses and more. They need attorneys who understand local customs, culture and laws. The U.S. based solo and small firm is attractive because they present a local connection to the client non-U.S. firms are trying to cultivate. One such enterprising solo is Lynn Ostfeld in Chicago who has created a French connection and has become well known for her ability to handle all matter of legal work relating to transactions in France.
I have also been contacted by solos overseas asking me to put them in touch with others who may have an interest in an alliance. Understand, there is a tremendous movement of people from country to country both flowing in and flowing out of the United States. These people (potential clients) need the same services as those who are rooted your neighborhood.
Opportunities exist. Can you and will you take advantage of them?