Wednesday, May 9, 2012

Why I Am Glad I No Longer Live in the U.S.

Through a promotion and work transfer, I had the opportunity to live in the U.S from 1993 through to 1996.  While it was a great experience for both myself and my family, situations that have arisen south of the border over the past several years including 9/11 and the economic meltdown of 2008 certainly have made me appreciate being back home in Canada.
  I have followed the catastrophic collapse of the U.S. real estate market closely.  Every few months I go online to check on the value of my old home just west of Chicago, only to find that it's value has dropped further below what I sold it for back in 1996.  Whether or when the U.S. real estate market can regain some degree of normalcy or the U.S. can once again become a leading global economy is something we could debate for hours.
  An email is circulating that very effectively puts into perspective the plight of the American economy in a way that is easy for the layperson to understand.  It effectively looks as follows:

U.S. Tax revenue:            $2,170,000,000,000

Fed budget:                      $3,820,000,000,000

New debt:                        $ 1,650,000,000,000

National debt:                 $14,271,000,000,000

Recent budget cuts:              $ 38,500,000,000

NOTE: If you now remove 8 zeros from the above numbers and we pretend this is a household budget, here’s how things would look:

Annual family income:                                $21,700

Money the family spent:                              $38,200

New debt on the credit card:                       $16,500

Outstanding balance on the credit card:    $142,710

Total budget cuts:                                             $385

Most would agree, this is not a pretty picture and its affect on the Canadian economy remains to be seen.

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Contact Me

Royal LePAGE Locations North (Brokerage)

330 First Street, Collingwood, ON L9Y 1B4


Direct: 705-443-1037

Office: 705-445-5520 ext 230


My Profile

Rick relocated to Collingwood from Toronto in 1985 through a transfer with Goodyear Canada. In 1987 Rick was recruited by a major client of Goodyear’s, managing their Canadian business based in Barrie before moving to Chicago in 1992 as Vice President of Sales & Marketing. Upon returning to Canada in 1996, Rick ran an industrial products manufacturing company in Stratford, Ontario. In 1998 Rick returned to Collingwood with his two children. Rick is a licensed real estate Broker with Royal LePAGE Locations North in Collingwood and holds his MVA designation (Market Value Appraiser-Residential). He is an active volunteer in the community serving several years on the Board of Directors with the Collingwood Chamber of Commerce as Treasurer, 6 years on the Board of Directors for the Southern Georgian Bay Association of REALTORS® of which he is the Past President (2008) and currently serves on a committee with the Ontario Real Estate Association. Rick is a diverse executive manager with extensive experience in strategic planning, manufacturing, finance, human resources and quality assurance management.