Real Estate Invesment Network - Mortgage Meltdown

REIN
Real Estate Investment Network
Discover How, When And Where To Buy Canadian Positive Cash Flow Real Estate

You can turn Real Estate Dreams Into Realities... One Investor At A Time Since 1992 Canada's Most Trusted Source Of Unbiased Real Estate: Research, Investing Systems and Training.

The Coming Train Wreck to Avoid

by Don Campbell

President, Real Estate Investment Network™

What would you do if you saw a train wreck about to happen and there was nothing you could do to stop it? You’d get out of the way. So why don’t many Canadians do that with their investment decisions? Simply, because we can’t help ourselves – we have the sun in our eyes.

The sun will be shining when the snow begins to fly up in Canada. That alone is a big draw to buying property in the U.S. Yet those who purchase today will look back at that decision as just another poor ‘holiday influenced’ decision. Prices will have dropped, expenses will have escalated and that piece of paradise will no longer be a place of peace and relaxation – and will definitely not be the bargain it may look like today.

Although many Canadians are looking south for bargains, the fundamentals of the US housing market, especially in key states, indicate that the bottom is still nowhere in sight. The key sun-belt, snowbird states have already been hit the hardest and are poised to perform just as poorly for years to come. For example, according to the Case-Shiller Index:



Click Here to Read the Rest of Don's Blog