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arrowhead
Banned
Posts: 912
Registered: 5-5-2009
Member Is Offline
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| Quote: | Originally posted by Timo1
Oh yea
Hit us hard here too
Real estate prices and sales are back ...now with bidding on houses going on
Housing starts are WAY up
Unemployment is falling
Back to normal just about.....except the forestry industry |
Canada didn't get hit as hard as the US because it didn't have the real estate bubble to the same extent as the US. Canadian banks enjoy a competitive
environment that does not exist in the US. For all intents and purposes, there are only 5 Canadian banks. They hold 95% of the bank assets in Canada.
So, competition is more gentlemanly (read fixed). Right now, a 30-year fixed rate mortgage in the US is priced around 4.75%. Canada doesn't have
30-year mortgages, they go out 25-years but will only fix the interest rate out to 10 years. A 10-year fixed rate mortgage in Canada now is around
6.95%. So, the same priced house in Canada has 50% higher mortgage payments than the same house in the US. Stability has its costs.
The forestry sector is in the tank because Canada sells most of its lumber to the US, which is used for construction. Construction in the US is almost
non-existent.
No soy por ni contra apatía.
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Timo1
Senior Nomad
Posts: 756
Registered: 11-2-2007
Location: Homeless
Member Is Online
Mood: Lovin every minute of it
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Thats real interesting....no idea where you get that from...Our fixed is at 4.17%
But you're the one that knows whats going on here I guess
by the way...our real estate is thru the roof on prices
Bubble???.....more like hot air balloon
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toneart
Ultra Nomad
Posts: 4901
Registered: 7-23-2006
Member Is Offline
Mood: Skeptical
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| Quote: | Originally posted by Bajahowodd
I'm with loco on that. Thought crossed my mind, but I figured that we all make mistakes. Hit the wrong key, Etc. That said, I consider Tony and rico
to be amigos. They are welcome to U2U if they really don't understand. |
Howie,
Here again is another terse, abstract post by you today. What is your reference here? I never questioned David's posting in the wrong place, if this
is what you are talking about. K-Rico did. What is the U2U reference that I am supposed to not understand? The only thing(s) I don't understand are
your posts today. Very strange. You are usually quite articulate. When you say something, please spell it all out. If you are questioning any of my
logic in my posts, that is OK. I like the exchange. But you are kinda mumbling under your breath and I don't get it.
I don't know K-Rico, but I strive to be amigos with everyone here unless they unleash personal attacks. (I don't consider yours a personal attack by
the way). OK amigo 
Oops, it wasn't K-rico who questioned David's misplaced post. It was Monoloco. That really confuses me now. I have no idea what Bahowodd is talking
about.
[Edited on 12-3-2009 by toneart]
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surebought
Junior Nomad
Posts: 84
Registered: 11-30-2009
Location: Ensenada
Member Is Offline
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Thanks everyone for your thoughts about my question. I am new on bajanomads and I am finding it somewhat difficult to navigate. Thus the catagory of
Hunting and Fishing. I will correct that error. You all expressed your thoughts with clarity and real knowledge of the situation in Baja. We are
continuing with the Farmacia Medicine Man in Ensenada, by the way. We survived the Liquor Store two doors down which I understand is closing this
week. And you won't get much argument from me about the motives of Big Pharma. But that's a story for another post.
In a while the smile on my face turned to plaster.
Stick around while the clown who is sick, does the trick of disaster. Neil Young from Mr Soul.
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BajaGeoff
Super Nomad
Posts: 1727
Registered: 1-11-2006
Location: San Diego and Campo Lopez
Member Is Offline
Mood: Heading To Baja!!!
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From what we have seen in our business over the last few months, things are turning around for the better. Our sales last month were almost on par
with 2007 levels, which is incredible. It is not just us either...Hugh Kramer from Discover Baja indicated they had seen the same upswing recently
too.
We still have a long way to go, but are optimistic for 2010. With all the factors contributing to make 2009 as rough as it was (drug crime, swine flu,
bad economy, new passport requirement) I think 2010 will be a great year. Even if there are more economic bubbles bursting, Baja will continue to be a
great value for travelers.
Just my optimistic two cents!
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline
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My Bad, Tony
| Quote: | Originally posted by toneart
| Quote: | Originally posted by Bajahowodd
I'm with loco on that. Thought crossed my mind, but I figured that we all make mistakes. Hit the wrong key, Etc. That said, I consider Tony and rico
to be amigos. They are welcome to U2U if they really don't understand. |
Howie,
Here again is another terse, abstract post by you today. What is your reference here? I never questioned David's posting in the wrong place, if this
is what you are talking about. K-Rico did. What is the U2U reference that I am supposed to not understand? The only thing(s) I don't understand are
your posts today. Very strange. You are usually quite articulate. When you say something, please spell it all out. If you are questioning any of my
logic in my posts, that is OK. I like the exchange. But you are kinda mumbling under your breath and I don't get it.
I don't know K-Rico, but I strive to be amigos with everyone here unless they unleash personal attacks. (I don't consider yours a personal attack by
the way). OK amigo
Oops, it wasn't K-rico who questioned David's misplaced post. It was Monoloco. That really confuses me now. I have no idea what Bahowodd is talking
about.
[Edited on 12-3-2009 by toneart] |
Just coming to the realization that I can't multi-task as I once did. For the last few minutes before I left here yesterday, I was engaged in a
discussion with someone and had only one eye on these posts. I'm sticking to that story.
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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Don't see a lot of "growth" for Northern Baja.. as it is more dependent on border cross traffic, and with the "jobs" situation in the United States..
it's going to be a while, a long while for things to pick up.
The other singular important issue for growth is the lack of water. Drip can only go so far, and recycling of waster water too.
It's hard for any real industry to develop without water and power.
Can't really see where the jobs are going to come from in the States.. unemployment is 40% in many of the Agricultural growing areas in California, NO
WATER and the average for the States if you believe the "stats" is 10.2%, with many just giving up.. there is no work for many, many people, or work
that would pay the "living style" most Americans have come to expect".
Lack of jobs in the U.S. is only one issue facing Baja North in the coming year(s)
The only positive thing I know about Baja North, these people are used to not having... so not having is not a biG woof to most of them ... they still
get by
I see them coming down to the flats in front of where I'm staying at low tide to get "lobster, shell fish and the rest.
The people here are a tough lot, they have to be.... used to be that way in the United States 70 years ago.. either you "cut it" or you were on the
street looking for a place to sleep...
One other thing, please tell me your Bank that is giving you 4.16% on a 30 year fixed loan PLEASE
[Edited on 12-4-2009 by wessongroup]
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
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one thing's for sure. the waves keep coming!!!
if the cartel scare keeps up maybe DK's maps won't be such a big deal for a few more years..... 'cuz where we go there ain't nothing but what you
bring.
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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"'cuz where we go there ain't nothing but what you bring"
That and another poster who said please "don't pave the roads" are the two big ones that helps keep things right.. just about any place
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oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
Member Is Offline
Mood: If I was feeling any better, I'd be twins!
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I know some of the management staff at some of the Los Cabos resorts. They ALL tell me that reservations for the next 4 months are WAY UP for the
same period at this time last year. Here's to keeping your fingers crossed!
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