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Friday, November 25, 2011

Canadian Home Price Likely Considerably Overvalued

I believe my next rental property will involve something south of the border. 

http://www.economist.com/node/21540231?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Counterparties+%28Counterparties%29

1 comment:

  1. Devon: I am not sure you are aware of the tax issues involved with doing a business like owning a rental property in the US. But you may find that it is really not worth it.

    I have recently relinquished my US citizenship to keep from having the hassle of two tax authorities to answer to. It is hard enough keeping my nose clean with the CRA I don't need the IRS breathing down my neck too. It has been one hell of time trying to deal with the threats and the bs that's been coming to the US.

    If you are going to go south, go really south. Costa Rica, Panama, Grand Cayman or something, but avoid the US.

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