Now that real estate has become prohibitively expensive in Calgary, Americans are coming in touting the "deals" that can be found in places like Phoenix. Just this morning on CJAY 92 Gerry Forbes was talking to a real estate agent in Arizona. He mentioned that he, his brother and some of his friends had recently purchased property near Scottsdale.
Okay, so they were bragging about the low financing rates you can get in the States ($1500 monthly payment!) and the high Canadian dollar making property very cheap (get in for $150,000!). What really bothers me is the claims that in Phoenix real estate has "nowhere to go but up" since they've "hit the bottom!". That seems like a dangerous claim to make right now....
P.S. I'd be very wary of a site designed by a company that does "Internet Marketing for Real Estate Professionals" that can't get the link to their own site right.
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