Not so good. I was browsing real estate sites today, and it was really very depressing, unless you are an investor.
I set my perimeters for $150000 or less, and headed to Arizona and Texas. I thought I would find a few properties, boy was I shocked!
Lots of short sales and foreclosures. Look at that, you can get a 3000 to 3500 sqft house in San Tan Valley for $140,000! Winter vacation hear I come!
Or how about this Texas house?
What's the price? $149,900...unbelievable!! What really depressed me was that many of the homes were empty, so where have all those people gone? They have walked away from their homes because they can't afford the payments anymore. It reminds me of the Trudeau NEP reign and how people in Alberta did the same thing, just walked away from their homes.
Obama is spending like mad and it is not helping Americans. Until those homes start to sell and small and medium businesses start hiring again, America is going to stagnate. They will become the next Japan. Printing money is not the answer.
If you don't feel too much like a vulture, you might want to think about investing in some US real estate. Our dollar is close to parity, and after looking at properties in Sun City Arizona, my bones feel warmer thinking about winters down there. Why do Canadians retire and still live in coldville? I know I will keep living in Edmonton in the summer, you can't beat our soil for growing veggies but winter in Arizona sounds good right now. What bothers me is that all their yards are rocks, no grass anywhere, but that's a small problem. Time to plan a trip to Arizona, check out some properties in person, thanks to Obama.