Greed, porn and Canadian real estate

[Matt Flynn]

Quick somebody post a porn link in this thread so it'll stick a while above all the crap here. Something hot. No butt zits. Thanks in advance.

Canada has more oil than Saudi Arabia. However it is locked in sandstone and expensive to extract. Current oil prices make extraction viable. Canada will soon enter the oil market in force. That means _billions_ of new foreign money into Canada. The Canadian dollar should rise accordingly, right? Yes I know it already has. But are we talking 10%? 20%? 30%? And over what time period?

Is the easiest way to leverage an investment for those of us who do not wish to buy already-expensive long-term Canadian dollar futures to purchase Canadian rental property? Or is there a simpler way to make a 9:1 leverage? Can an American buy Canadian homes for 5% or 10% down, rent them, treat them the same as U.S. rental properties under U.S. tax laws (especially that little deduction of interest costs thingy), etc.? Is there some super-obnoxious Canadian tax on selling homes? Can Americans buy Canadian homes straight up?

If the Canadian dollar itself tags on 20% capital gains over a 5-year period, buying Canadian real estate is looking very good for Americans, or at least to me. Flaws? Accounting and tax info?

Thanks -

Matt


P.S. If you know good resources about Costa Rican or Nicaraguan real estate please PM me. West peninsula Costa Rica especially.