QUOTE (Rickson9 @ Aug 14 2010, 11:44 AM)
I wish you all the success with your U.S. real estate investing. It is not for me.
The complexities of U.S. immigration law and tax laws and local real estate laws require too much of my time to bother with.
The risk of ever increasing mortgage defaults and foreclosures pulling down real estate values even further is too high.
Many Canadian corporations thought that they were smart taking over U.S. business concerns. Most fell on their face. Robert Campeau comes to mind and so does Jean Coutu and many oil and gas companies. Too many to count. The U.S. is fiercely competitive and if things don`t go in their favour, they are very good at making new laws to turn things to their advantage afterall. Look at the public outcry when some middle eastern countries were trying to buy some port facilities. Or look at when the Chinese were trying to buy Unocal.
Have you ever sold one of your U.S. properties and repatriated the proceeds? Just try and see how profitable it all is.
Why take all that sh...t (too many dots) when you are having one of the best real estate markets laying at your feet? Canada, in particular Alberta and Ontario (Canada`s top 10 investment towns).