From: Canuck57@nospam.com   
      
   On 27/04/2012 5:36 PM, Tony wrote:   
   > All resources will go down as the worldwide recession really starts to bite.   
   > America is lying like a rug about GDP, unemployment and company profits. At   
   the   
   > very latest that is just after the U.S. election this year stocks will fall   
   at   
   > least 80 percent from their present valuations. In Canada the housing market   
   is   
   > in the midst of a meltdown. Victoria has fallen about 22 percent from the   
   peak   
   > and Vancouver about half that. Alberta real estate has been falling since the   
   > summer of 2007. The likely outcome is a 70 percent decline in both vancouver   
   and   
   > Victoria the Okanagan valley and the surrounding areas. Saskatchewan and   
   > Winnipeg real estate should lose about half their value and the GTA about 40   
   > percent. The Canadian taxpayer will be on the hook for about one trillion   
   > dollars in defaults as people declaring personal bankruptcy becomes the norm.   
      
   Yep, I know Calgary fell, some hold outs but the are not moving.  But a   
   bottom seems to have formed in our area as I am looking to sell in 2013.   
   Might delay it if it gets soft as with Canadian labour and material   
   costs, can't build them cheaper.   
      
   USA is toast.  A desperate bankrupt nation.  Civic, state, fed doesn't   
   mater.  Someone tried to get me to go south to buy in Arizon or Vegas, I   
   said no.  An acquaintance on the return said no wonder their cheap,   
   civic, county and state taxes/special assessments adds up like rent.   
      
   Was going to buy a Okanagan property last fall but came to my senses.   
   Was offered in the $260K range but once advertised for $600k....then   
   they tried to jerk me around and upped the price so I walked.  I can do   
   better in Panama or Costa Rica.   
      
   So we flew down there and loved it.  Planning on moving in 2013.  Canada   
   doesn't need our taxes.  Being expat will lower my taxes as I have US   
   and Canadian income streams.  No need to declare my US income to Canada   
   if I am an expat.   
      
   BC turn offs were big when I had the accountant do a 2010 BC income tax   
   and forget it.  BC is stupid tax crazy.  HST, transfer fees nuts.  No   
   sense in jumping out of the fry pan into the fire.   
      
      
   --   
   Liberal-socialism is a great idea so long as the credit is good and   
   other people pay for it.  When the credit runs out and those that pay   
   for it leave, they can all share having nothing but debt and discontentment.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)