Where's the best area to buy a home in Canada? My brother-in-law bought a home in Regina back in 2006. Sold it in May for $150,000 profit. Where is can I duplicate this?

I don't think you can duplicate this right now in Canada. The Canadian real estate market is at its top and if you buy now you might actually lose $150K instead of earning them.

I know nothing about the Canandian housing market but for the professional investors, Florida is back.

We just pick up a foreclosure for $49,000 with a market value of between 81,600 to 110,000. And we have another offer in for the almost identical home for $35,000.

These same homes were selling for $135,000 a year ago.

Hurricanes, Homeowner's Insurance and the Govenment Property Tax Appraiser's Offices have litterally drove Florida prices into the ground.

Unsuspecting buyers new to Florida had no clue the real estate tax shown by the listing agent of maybe $600 would be closer to $3,000 by the time the Property Appraiser's Office resets the value based on the artificial value of what some financial clueless clown was willing to borrow and not what it would cost to build the home brand new from the ground.

If they were maxed out to begin with just to get into the home then significant property tax increases two years in a row BEFORE its capped. Instead of paying $50 bucks a month for property tax it's now $250 PER MONTH and the inflated value has literally imploded and now they just walk away and go rent an apartment for hundreds of dollars less per month.

2008 will be a great year in Florida to buy investment property!

Please send $10,000 cash to:

Gary D. Spicuzza
P.O. Box 1960
Palm Harbor, FL 34682

For this hot real estate tip.
No 50s or 100s, just 10s and 20s.
Thank you in advance!
Best regards.

__________________
Gary Spicuzza, *SAFE
Copyright 1956.
No Rights Reserved.
*Self Appointed Financial Expert

Don't bother. The housing market in Canada is not going to get better anytime soon. I would suggest staying away from real estate at least for a little while. I know it can be tempting especially when there are people saying that the housing problem has bottomed out. Don't worry it will come back soon.

So do you consider this to be the bottom for the Florida's hosuing market?

spencer24 asked:

Quote:

So do you consider this to be the bottom for the Florida's housing market?

Yes and No.

Yes, if there isn't any significant hurricanes this season.

No, if there is even one (1) major hurricane that hits a major metropolitan area in Florida.

Property insurance premiums are a minimum of about $200 per month and another major hurricane will bankrupt the system. It's simply not worth paying $300, $400, $500 or more per month for homeowner's insurance and it's required to finance property.

Setting property insurance aside the state government in Florida has made some changes to the counterproductive property tax structure that has artificially held down property taxes for some while skyrocketing property taxes for others similarly situated.

All that being said.....

Yes, I think 2008 is the bottom in Florida and the market will normalize in 2009 and 2010.

__________________
Gary Spicuzza, *SAFE
Copyright 1956.
No Rights Reserved.
*Self Appointed Financial Expert

Are there any good real estate investment opportunities (countries to buy property in) outside of North America?

I guess not.

The reason I asked was because I've seen some of those British programs where they take couples to Turkey or Portugal or Greece and investigate properties for purchase.

Actually, South America is regarded as reasonably hot - a lot being punted to big Asian investors.

That's not from the TV programs, but from someone I know in the industry.