Ontario Investors And Why Post Subprime Arizona Will Recover Fast

Dear Ontario Investor, Up until 2005 investor speculation in popular American retirement states like Florida, California and Arizona was rampant. Investors repeatedly bought and re-sold properties to other investors, hoping to profit from the retiring billion person strong baby boomer generation. Property values soared in these places, creating a massive bubble.

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Then came the US sub-prime mortgage crisis, the pin that burst the Arizona bubble market. Property values plummeted there, often by 50%. In 2006 Phoenix had over 50,000 homes for sale with nearly half vacant. Prior to the crisis, most US properties for sale were on the market for 3-6 months. Today, Phoenix homes sit on the market 14 months on average. But the difference between Arizona and other states is it’s market will recover sooner and far better than others. The baby boomers are still retiring in huge numbers and snowbirds still flock to Arizona. In fact, Canadians are now half of Arizona’s home buyers. Find out more facts about why Arizona is a great place to live or invest on our December 17th presentation registration page at [url=http://www.eventbrite.com/event/229300845]http://www.eventbrite.com/event/229300845[/url]. Regards, Chilla Riddle Sotheby’s International Realty Canada, Brokerage (877) 424-4552 or local (416) 410-4635 497 Davenport Road, Toronto, ON, M4V 1B7

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