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Bruce

Plans for Canada?

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Not at the moment, but that's a possibility in the future. In fact, we already looked at several properties in Canada that might be suitable. Canada has it's own pros and cons. Some parts of Canada could work. Even though its colder than desired, it is still possible to find areas with good food production.

Low population is a plus, but over regulation and high government debt is a big concern. Canadian banks are not stable, over-leveraged and in case of deeper recession will most likely collapse. All evidence points that Canadian Real Estate is a big, ugly bubble getting ready to burst. Especially in Toronto area.

Right now, the bubble makes this project cost prohibitive. But once the bubble will pop, it might make financial sense again.

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I understand that our real estate market is somewhat overpriced but if this concept works and people get food for free without paying HOA fees, many people would love to have something like that. I would be one of them! :)

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