Canadian Snowbirds Warned Off Sunbelt and Florida
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An interesting editorial from the National Post of Canada by Diane Francis is not a ringing endorsement for Canadians to use their stronger dollar to buy up Florida real estate.
The whole article should be required reading for any agent selling to snowbirds in Florida and Arizona. Not that I am saying she is right, do not get me wrong, but articles like this can have a great deal of influence on buyers perspective.
Finding the right way to change that perspective is the role of the salesperson. And that is why if you sell to snowbirds you should read this editorial.
I would concentrate on the opportunity cost lost. Canadian winter or Florida winter, not a hard choice in my mind…
The bottom line is that unless you want to buy something and stay in it for 20 years be very wary or rent. Things are going to get worse before they get better. The next shoe is beginning to fall as banks must go from merely writing down the defaulted interest on three months of mortgages to writing down the difference between their outstanding mortgage and what the properties fetch, or will fetch, on the market. via the National Post
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
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Pingback by A Walk on the Dark Side | Jameson on 1 August 2008:
[...] steal Florida yet - National Post via Real Estate Bloggers - Diane Francis - 30 July 08 I wrote a series of posts this winter about cherry picking properties [...]
Comment by St. George townhomes on 1 August 2008:
With the way the real estate market is going right now there are a lot of people who are looking at real estate differently. St. George Utah is a big retirement community in the United States like Arizona and Florida. We have seen retirees invest differently.
Comment by jozappala on 5 October 2008:
There are Florida homes still viable and definitely worth looking at.
Check out mine in St. Petersburg.
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