In case you're interested in details, more on the weak US dollar here.
Update: I've adopted a new perspective on the shrinking USD. Here's my logic. We'll be taking some money to Canada, but, given the housing market, it's safe to say that it won't be tons. But, over the next couple of decades the student loan debt we'll be paying off in USD will be significantly greater than the amount of our expected capital gain. And, we will need to travel to the US to visit family, for professional meetings, etc. Thus, in the long run we will be better off with dollars that are near parity than the old days when one USD got you CAD1.25 or even 1.50. So, that's my conclusion. While there's an initial "ugh" when we think of converting whatever we manage to make off the house, in the long run a stronger loonie will be to our advantage.
10 months ago
5 comments:
With our house in the U.S. still on the market, the exchange rate is bittersweet for us. Here in Canada jobs, economy, life flourishes. We just have that last vestige of our old life yet to go. And as L-Girl says we have no control over it - so just ride the wave.
The price of freedom!
If we could just sell the house!
Yes, that's exactly what I told P. We just have to think of the loss in capital gain as part of the cost of getting out!
I prefer to look at it as a gain in personal lifestyle as opposed to a loss of capital gain.
That's me: "Pollyanna West End Bound". Isn't there a glass half-full around here somewhere ? ? ? ?
I've never been accused of being too much of an optimist, but, I do think that this: "We just have to think of the loss in capital gain as part of the cost of getting out!" is essentially the same thing as this: "I prefer to look at it as a gain in personal lifestyle as opposed to a loss of capital gain." \
Nonetheless, I'm glad we've got a true-blue-glass-half-full guy on board! ;-)
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