- Joined
- Oct 27, 2009
- Messages
- 1,210
Congratulations to those who purchased rentals in Phoenix at the start of this thread, especially now that $US=$1.34CAN, real estate prices have quadrupled and rent has risen 70+% compared to 2009
As we come to the close of 2018, I would like to revisit some of the comedian clowns of that era:
LOL! “facts”
LOL! “big problems”
ROFL!! “unhappy ‘friends’”
So Long, New York and L.A.! Here Are the Cities Luring (and Losing) the Most Americans
#1. Phoenix, AZ
The Phoenix region has become a top destination for folks fleeing high-cost West Cost cities.
Phoenix has long been known for its huge retirement communities like Sun City, a 55-plus active community built in the 1960s with golf courses and one-story homes with gated back yards.
But new residents aren't just retirees and snowbirds. The region's strong local economy is seeing a number of employers relocate to the area and bring a younger workforce with them. These workers are buying reasonably priced condos within walking distance to light rail.
https://www.realtor.com/news/trends/cities-seeing-folks-moving-in-and-out/
PS: Has anyone found “wealthy” boomer yet? I hope he found a cure for his dementia LOL!
As we come to the close of 2018, I would like to revisit some of the comedian clowns of that era:
Imagine their shock when they start to do the homework (after the fact).
I hope it all turns out well for them, but the facts often don`t lie.
LOL! “facts”
If it`s 20:1 in the US, it`s only 5:1 here with big problems. The tax systems and immigration laws which prevent you from doing any work on your property are just two big reasons why there`s a lot of landmines down there.
LOL! “big problems”
I have a number of friends who are investing in US property, whether it be for recreational purchases or as investments and the ones who have purchased properties as an investment are not very happy with their decision. It's just not an investment if you are seeking long-term sustainable wealth. Going back to the fundamentals of real estate investment- location is key (and when you are investing in the US, your going to be looking for safe areas, or green zones where you are safe from crime) but not only that, the economy is distressed. How are you going to see positive cash-flows from your income property and cover overhead expenses if there is low output, GDP, employment growth etc. etc. etc.? Not to mention, IF obamacare is passed, I can guarantee you that you will see huge spending cuts in all other industries... how do you expect the economy to function when all government spending will be going towards healthcare?
ROFL!! “unhappy ‘friends’”
So Long, New York and L.A.! Here Are the Cities Luring (and Losing) the Most Americans
#1. Phoenix, AZ
The Phoenix region has become a top destination for folks fleeing high-cost West Cost cities.
Phoenix has long been known for its huge retirement communities like Sun City, a 55-plus active community built in the 1960s with golf courses and one-story homes with gated back yards.
But new residents aren't just retirees and snowbirds. The region's strong local economy is seeing a number of employers relocate to the area and bring a younger workforce with them. These workers are buying reasonably priced condos within walking distance to light rail.
https://www.realtor.com/news/trends/cities-seeing-folks-moving-in-and-out/
PS: Has anyone found “wealthy” boomer yet? I hope he found a cure for his dementia LOL!
Last edited: