Quote:
Originally Posted by rustyp
Perhaps they are planning for the future based upon past experience. Supporting my statement I find it barely plausible they are selling due to currency rate solely. The rate is not far off of historical values and or swings that a Canadian senior with 50 plus years of monitoring US currency rates. 90% of Canadians live in border towns. I am a snowbird living through the same inflation. I am not selling anything. Then again I don't have a mortgage or a loan on anything I own. I never subscribed to the strategy of investing my money would make more than the interest on a loan. That is fine until a market downturn. Then you still have the mortgage payment to contend with. So let's ask again what is driving our Canadian friends to sell at a higher rate than US citizens - if that is a true statement ?
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Yes, maybe that would be a good place to start, determining that the Canadians are selling at a higher rate than US citizens.
Our Canadian friends are pretty well heeled.. in Canada and are able to afford mortgage free homes here. There is always an awareness of how much less their spending dollars buy here than the American dollar. The gap now is even worse and when they turn 80, the extra health insurance jab they had to pay for coverage in the USA was substantial.
Why not go back to Canada and live in comfort and enjoy the amenities of their nation without the financial stretch. (Our friends also felt The Villages had become very congested, had difficulty with their groups getting desired tee times and travel to Florida was much busier.)