Canadians Are Buying 5% of Phoenix Homes | Greater Phoenix real estate and investments

The AZ real estate market is very different from what is seen both with and outside the "sand states" of Cal, Nev, Fla & AZ; bcuz the bulk of the snowbird in AZ are from different states of U.S. and from different provinces of Canada.

What this report tells U.S. is that Canadian snowbirds are a very important factor in AZ's real estate market.

However, keep in mind that the Canadian Dollar - the Loonie - is now almost at par, again. That makes it VERY desirable for them to come down here and buy - their money is now worth 25% more than a few years ago, AND property in some parts of AZ is very cheap - compared to back home in Canada OR in Cal or Fla.

Canadians Are Buying 5% of Phoenix Homes | Greater Phoenix real estate and investments

Canadian Banking Is Not the Answer

[mEDITate-OR:

not see that what we think might be true, might not...

 

This is a very troubling article, for we Canucks, and ex-Canucks...

it makes being "holier than thou" more difficult.

Not impossible, of course; not just, more difficult.

But, this article IS important..., bcuz it tells U.S. things nobody else is.

 

note the info about RE financing...

http://economix.blogs.nytimes.com/2010/03/25/canadian-banking-is-not-the-answer/

[mEDITate-OR:

not see the Economix truth of this...

 

David Leonhardt is not only a regular contributor to the NYTime Economix column/blog, but a very respected commentator on what is really happening to U.S.

http://www.nytimes.com/2010/03/28/magazine/28Reform-t.html

 

This is a VERY well thought out article, with serious implications for U.S. - both what we should have and now should do

and what probably will happen if we do not.

 

the Second article is by One of The Fed.

what it tells U.S. about what SHOULD be in a banking system "stress test" is critical reading.

 

http://www.federalreserve.gov/newsevents/speech/tarullo20100326a.htm

All of U.S. assume that what companies must put into their SEC reports are true AND complete.

 

What we NOW know is that commercial and investment banks do NOT play by those same rules.

 

There was a reason for the adoption of Freedom of Information Acts AND for Public Disclosure laws.

 

That reason also applies to banks, credit default swap AND derivatives...!

Troubled and closed banks - 1Q-10

mEDITate-OR

not see precisely where we are at the end of the 1st Quarter of 2010.

 

Why should you care, you ought not ask..., just look at these two charts...:

 

 

 

What the obvious point of CR's first chart is that (y)our Banks are in much worse shape now than they were...

and

it is getting worse.

 

So..., where ARE we..., really...

 

Thanks to CR and to surferdude808 you, too, can see...