Parsad Posted June 16, 2009 Author Share Posted June 16, 2009 Hi Arbitragr, No, I'm not moving. I was just saying how expensive houses are in Vancouver, and how Omaha is a very nice city. Although one day, I plan on living for a few months at a time in the U.S. and elsewhere. Just something I've always wanted to do. Cheers! Link to comment Share on other sites More sharing options...
arbitragr Posted June 16, 2009 Share Posted June 16, 2009 Hi Arbitragr, No, I'm not moving. I was just saying how expensive houses are in Vancouver, and how Omaha is a very nice city. Although one day, I plan on living for a few months at a time in the U.S. and elsewhere. Just something I've always wanted to do. Cheers! If you need US residency there are investment based visas that you can attain, especially in regards to property whereby you set up a property investment holding company and manage your investments. Link to comment Share on other sites More sharing options...
KFRCanuk Posted June 16, 2009 Share Posted June 16, 2009 I think the solution is clear. Buy a house in detroit, put it on a barge, float it to bc via the panama canal. Keep the land for a future sale. ;) Link to comment Share on other sites More sharing options...
Parsad Posted June 16, 2009 Author Share Posted June 16, 2009 Or buy a small bungalow for ten-fifteen grand and you could probably fit that on a flatbed and drive it over. ;D Cheers! Link to comment Share on other sites More sharing options...
cayale Posted June 17, 2009 Share Posted June 17, 2009 Sanj, When you are ready to live abroad, contact me and we can swap properties for a month! Offices, too. Link to comment Share on other sites More sharing options...
Mandeep Posted June 18, 2009 Share Posted June 18, 2009 I want to buy real estate. 3 great areas: Miami, San Diego, or Pheonix. I'm going to San Diego tomorrow and I'm going to look at the properties there. This is going to be awesome! Link to comment Share on other sites More sharing options...
Mandeep Posted June 18, 2009 Share Posted June 18, 2009 Buy in places that people actually admire.... I'm thinking about buying a condo in San Francisco, but I don't know if the city was really hit that hard. Link to comment Share on other sites More sharing options...
Guest kawikaho Posted June 18, 2009 Share Posted June 18, 2009 Not in the main part of the city, but in south SF... big time. Daly City too. Buy in places that people actually admire.... I'm thinking about buying a condo in San Francisco, but I don't know if the city was really hit that hard. Link to comment Share on other sites More sharing options...
omagh Posted October 26, 2009 Share Posted October 26, 2009 This story reminded me of an old thread about Detroit real estate... http://www.theglobeandmail.com/report-on-business/detroit-house-auction-flops-for-urban-wasteland/article1338570/ Despite a minimum bid of $500, less than a fifth of the land was sold after four days $100-125 per square foot? Good Lord! I'm thinking of moving to Detroit next week! ;D In Vancouver suburbs, you would be lucky to find something for $350-400 per square foot. Right in the city, you would be fortunate to find something for $550-600 per square foot! It takes almost 65% of the average family's disposable income to support housing costs in Vancouver...crazy! I don't expect things to get much better as the winter Olympics draw closer. A buddy of mine has been offered $15,000 for two weeks to rent his 500 square foot studio in downtown Vancouver during the Olympics. Some homeowners have already booked their homes for upwards of $40K for two weeks. Nuts! Cheers! Link to comment Share on other sites More sharing options...
SmallCap Posted October 26, 2009 Share Posted October 26, 2009 I read that article and it was an interesting read. I live near Grand Rapids, MI which is 2 hours from Detroit, the house prices here are ridiculously low as well. One of my clients has a great business of working with investors setting up LLC's with the partners and he buys the properties rehabs them and manages the rental of the units and it is incredible how easy it is to cash flow with them at these low prices, plus he has been able to maintain over 95% occupancy. I think he has now rehabbed and rented out around 300 units. There is some great investment opportunities out there in cash flowing rental units. SmallCap Link to comment Share on other sites More sharing options...
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