Here is a transcript of my latest chat with our media consultant.
Q: Why does redev focus primarily on Canada?
RC: Our strategy and focus on Canada goes hand-in-glove with my professional aversion to risk. I only shop for opportunity where risk can be controlled, minimized or eliminated completely. These days this means staying inside our traditional investment zone.
These days when you look at the US home prices are deflating in 21% of the 143 markets according to The Economist. According to the web site zillow.com 1 in 5 home owners are under water on their mortgages especially on the fourth quarter of last year. We see that for this year in the US there have been 4.5 million foreclosure filings up from 2.8 million in 2009, according to Realty Track. When I hear those kinds of numbers, I’m actually scared. I see in the States, quoting from the mortgage bankers association that 15% of homeowners are either in foreclosure or behind at least one payment on their mortgage in quarter four. According to the mortgage bankers association at least 3.9 million Americans are more than 90 days behind on their payments, which is triple the level of two years ago.
In the US in 2010 there were four more regional banks that failed recently bringing the total to 20 banks that have failed. We’re talking 20 billion plus in assets.
Those are the kinds of numbers I hear and see, I have to ask do I really want to invest in a place where things are going so poorly? Being risk averse this is something I just don’t want to do. You have to worry and you have to wonder.
In Canada we have good government and a well-regulated banking system and a safe economy and we have many resources. We should be very thankful to live here in Canada. So the bottom line is, "I go where I know and know where I go..."
Richard Crenian
richardc@redevgroup.ca
http://www.redevgroup.com
Showing posts with label Only Investment. Show all posts
Showing posts with label Only Investment. Show all posts
Wednesday, February 24, 2010
Tuesday, May 5, 2009
"Howard Manley" by Richard Crenian
Richard Crenian Blogs
May 3, 2009
“My Partner Howard!”
You all know that my business partner, Howard Manley, is a Saskatchewan native born and bred; He was born in a little town called Midale, just outside of Weyburn, in the South Eastern part of the province. Howard is a great guy- let me tell you how.
I always stress family and It is unbelievable to me that Pat, his wife and Howard are now married for 43 years!! That is a long time. He has three adult children and three grandchildren which he never stops talking about. The two older grand kids, are both boys, and Howard refers to them as his boys.
His little baby granddaughter, is referred to as “my little girl!” You could not have anyone as proud of his kids and grandkids as Grandpa Howard.
Howard and I go back since December 1976. That is a long time! He is my mentor and was my big brother that I never had. He was the most hardworking guy, yet full of fun and spirit in everyway. Leon, who works with us, another great guy, grew up with Howard in Midale. How small is this world. Leon would like to believe that he is retired, (no you are not Leon) and was another guy that worked hard all his life.
These two gentlemen are the picture of what a dictionary call hard work, honesty and caring people I know. Why, they still call their wives Ma’am! (Ok so I am only kidding about that part!) Respectful and full of ethics, their have great families and enjoy life to the fullest. Aren’t those men successful in their own right? Call Howard and ask him what his philosophy to a good life is……? 403-630 4544. He would be happy to share.
Richard Crenian
May 3, 2009
“My Partner Howard!”
You all know that my business partner, Howard Manley, is a Saskatchewan native born and bred; He was born in a little town called Midale, just outside of Weyburn, in the South Eastern part of the province. Howard is a great guy- let me tell you how.
I always stress family and It is unbelievable to me that Pat, his wife and Howard are now married for 43 years!! That is a long time. He has three adult children and three grandchildren which he never stops talking about. The two older grand kids, are both boys, and Howard refers to them as his boys.
His little baby granddaughter, is referred to as “my little girl!” You could not have anyone as proud of his kids and grandkids as Grandpa Howard.
Howard and I go back since December 1976. That is a long time! He is my mentor and was my big brother that I never had. He was the most hardworking guy, yet full of fun and spirit in everyway. Leon, who works with us, another great guy, grew up with Howard in Midale. How small is this world. Leon would like to believe that he is retired, (no you are not Leon) and was another guy that worked hard all his life.
These two gentlemen are the picture of what a dictionary call hard work, honesty and caring people I know. Why, they still call their wives Ma’am! (Ok so I am only kidding about that part!) Respectful and full of ethics, their have great families and enjoy life to the fullest. Aren’t those men successful in their own right? Call Howard and ask him what his philosophy to a good life is……? 403-630 4544. He would be happy to share.
Richard Crenian
Thursday, April 30, 2009
"Canadian Heroes!" by Richard Crenian
Richard Crenian Blogs
Apr. 30, 09
“A Canadian Hero!”
Too often we hear about heroes and what they accomplished in business.
We have heroes like Obama too, the most likely NOT to be President, and here he is 100 days later.
What about the Canadians?
Having going to high school in Swift Current, Saskatchewan, it would only seem fitting to call the Canadian Farmer Canadian Heroes.
Hardy, hardworking, honest and unwilling to call defeat, the Canadian Farmer has suffered much and only lately been given an opportunity to earn some monies.
Here is what they faced when they first came to Canada to toil the land:
“For many immigrants, life on the Prairies was more akin to a nightmare than a dream — a point underscored in the final section of the exhibition. When homesteaders first arrived, their "farms" usually consisted of virgin prairie, a survey stake and a swarm of mosquitoes. Once the land was broken, the bountiful crops promised in the advertisements were sometimes devoured by insects, ruined by frost or shrivelled by drought. Some immigrants faced discrimination and venomous insults; two newspapers quoted in the exhibition labelled immigrants as "the scum of other lands" or even "the refuse of civilization".
With the outbreak of the Great War in 1914, about 80,000 immigrants were declared "enemy aliens" under the War Measures Act and over 5,000 were sent to internment camps. The Golden Age of Prairie settlement had come to an end.
Chronologically, Acres of Dreams ends with the Great Depression — a supreme test of the settlers' mettle and ingenuity. Objects featured like a quilt fashioned from uniforms discarded by a baseball team in Moose Jaw or a violin made from packing crates and harness supplies illustrate the resourcefulness of settlers during this testing period of Canadian history.” http://www.civilization.ca/cmc/exhibitions/cmc/acres/acrese.shtml
At the end of the story their second and third generations made it. Families and farmland, the heartland of Canada. I am proud of those that I know, so many of them. Howard is a good farm boy from Midale (near Weyburn), Saskatchewan. He knows the value of a buck. Ask him how he invests…..403-630-4544.
Richard Crenian
Apr. 30, 09
“A Canadian Hero!”
Too often we hear about heroes and what they accomplished in business.
We have heroes like Obama too, the most likely NOT to be President, and here he is 100 days later.
What about the Canadians?
Having going to high school in Swift Current, Saskatchewan, it would only seem fitting to call the Canadian Farmer Canadian Heroes.
Hardy, hardworking, honest and unwilling to call defeat, the Canadian Farmer has suffered much and only lately been given an opportunity to earn some monies.
Here is what they faced when they first came to Canada to toil the land:
“For many immigrants, life on the Prairies was more akin to a nightmare than a dream — a point underscored in the final section of the exhibition. When homesteaders first arrived, their "farms" usually consisted of virgin prairie, a survey stake and a swarm of mosquitoes. Once the land was broken, the bountiful crops promised in the advertisements were sometimes devoured by insects, ruined by frost or shrivelled by drought. Some immigrants faced discrimination and venomous insults; two newspapers quoted in the exhibition labelled immigrants as "the scum of other lands" or even "the refuse of civilization".
With the outbreak of the Great War in 1914, about 80,000 immigrants were declared "enemy aliens" under the War Measures Act and over 5,000 were sent to internment camps. The Golden Age of Prairie settlement had come to an end.
Chronologically, Acres of Dreams ends with the Great Depression — a supreme test of the settlers' mettle and ingenuity. Objects featured like a quilt fashioned from uniforms discarded by a baseball team in Moose Jaw or a violin made from packing crates and harness supplies illustrate the resourcefulness of settlers during this testing period of Canadian history.” http://www.civilization.ca/cmc/exhibitions/cmc/acres/acrese.shtml
At the end of the story their second and third generations made it. Families and farmland, the heartland of Canada. I am proud of those that I know, so many of them. Howard is a good farm boy from Midale (near Weyburn), Saskatchewan. He knows the value of a buck. Ask him how he invests…..403-630-4544.
Richard Crenian
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