Thursday, August 11, 2005

House Sale Update…

I came home Monday afternoon to find water streaming from my living room ceiling. This was not the best timing for a roof leak. We had to stall several potential buyers from viewing the house while the roof and ceiling damage is being repaired. Hopefully, things will look good as new by Friday evening. The roof definitely needs to be replaced, but I won’t be tackling that job at this point. Whoever buys the place will have to wrestle with that mess.

On the plus side, 5 other homes in my neighborhood went on the market within a few days of our listing. The average listed price per square foot for those homes is roughly 10% higher than what we’re currently asking. As such, we’ve instructed our agent to raise our price by $10,000.


At 8/11/2005 11:48 AM, Blogger Kel Kel said...

I know exactly how you feel about your ceiling leaking... that happened at my boyfriend's house while they were building it. We had to fight with the builder over and over until they finally fix it and replaced the ceiling.

On another note: Your post about healthcare was amazing. Very well thought out. I agree that neither system is perfect. I found it interesting though that the CBC is trying to justify their system by pointing out the flaws or ours while the American media is constantly bashing it's own system and pointing out the pro's of a universal (socialist) healthcare system "where everything is free!" Well, yes... it may not cost you any money, but you'll have to wait months or years to get it.

I work in the healthcare field and I've NEVER come across a client that we haven't been able to provide therapy for.

At 8/11/2005 12:25 PM, Blogger Ace said...

I design medical billing systems for hospitals, physician clinics, labs, etc. I've seen the idiocy inherent in socialist medicine from the back-end, where the paperwork and remittances have to be compiled. My clients spend so much time and money jumping through the bureaucratic hoops of Medicare and Medicaid, it's ridiculous.

As for the flaws in universal care, just today a coalition of medical groups in Canada released a study calling for another $3 Billion infusion into Medicare to stem the long waiting periods for urgent care. Part of their reasoning for the demand was that if they didn't act soon people would start wanting private insurance and private facilities now that the Supreme Court shot down the Medicare monopoly.

Gotta save the beast at all costs, eh?

At 8/11/2005 2:36 PM, Blogger Eddie said...

This comment has been removed by a blog administrator.

At 8/11/2005 2:44 PM, Blogger Ace said...

I work for a Canadian company, as well: Medisolution.

I left Canada 7 years ago because nobody there would hire me, only to end up working for the US subsidary of a Canadian firm. Go figure.

At 8/11/2005 8:02 PM, Blogger Ace said...

What the...?

At 8/12/2005 9:02 AM, Blogger Eddie said...

Ace, that message sounds like spam to me. Your honest opinion, is Medisolution worth investing in as a stock? It looks very risky. However, if you know something I don't, I would appreciate your sharing. Thanks.

At 8/12/2005 10:29 AM, Blogger Ace said...

Having seen the management work up close and personal for the past 4 years, I can safely say "STAY AWAY FROM MEDISOLUTION STOCK!!!"

The company is a major player in the Canadian healthcare IT market, but it is far too reliant on the Quebec market, of which it has about 60% penetration. For years management attempted to diversify geographically by bolstering acquisition and marketing efforts in the rest of Canada and the US. (For example, the US operation I work for was formally Delair Systems, which Medisolution acquired in 2000.) Thus far, I would classify those efforts as a dismal failure.

Senior executives have paid a lot of lip service to expanding the company's presense in the US market, but it's readily clear that they fundamentally do not understand that market. My bosses here in Phoenix have been grappling with that problem since the day Delair Systems was taken over.

In February, head office closed the Phoenix operation, but retained a handful of software implementation staff like myself to work remotely from home. All the marketing and support functions were centralized in Toronto. Management seems to think that further efforts to sell in the US won't be hampered by the fact that there is no longer any "physical" US presense. I beg to differ.

At 8/12/2005 2:54 PM, Blogger Eddie said...

I agree, a physical presence is important. No business wants to do business with a "ghost" company. Most businesses take decade to gain the trust and loyalty of their customers. Not having an office could make you look like a fly by night, rip off operation. I will stay away from that stock, though I typically do stay away from stocks under $5, as most of them are junk.

At 8/12/2005 10:29 PM, Blogger Ace said...

Ah yes, the penny stocks...

My first ever stock market investment was in a $0.10 penny stock called Sparton Resources. My prospector uncle recommended it. They apparently had rights to a slew of gold, silver and zinc claims in Eastern Canada. Of course, none of them panned out and the stock languished in the $0.05 area for a few years before being delisted from the Toronto Stock Exchange. I kept the stock certificate as a reminder of my folly.

Then 8 years later, lo and behold, Sparton Resources was alive again, trading over-the-counter for $0.30! Somebody bought the shell company and invested in natural gas reserves near Sable Island off the coast of Nova Scotia. I sold that certificate so damn fast!

At 8/14/2005 9:59 AM, Blogger Monty Loree said...

A comment about your moving to the states from Canada.. a little off topic .. sorry.

Home is where you make it. I wouldn't say that the U.S. is freer. That's not correct.

Every country's got their strengths and weaknesses.

I live in Canada, love Canada and probably wouldn't move out of Canada.

I do business with people in the U.S. though and love visiting the U.S. when I get a chance.

I'm glad that you found a great job in the U.S. That's one of the U.S.'s strengths. More jobs than in small town Canada.


Financial Maturity Blog

At 8/14/2005 1:01 PM, Blogger Ace said...

Perhaps freedom is in the eye of the beholder.

Thanks for stopping by, Monty.

At 8/15/2005 6:27 AM, Blogger Eddie said...

Monty is correct for loving his Country, and I would agree that freedom is in the eye of the beholder. It would seem to me that the only true judge would be one who has lived in both. Monty is a nice guy, though. Way to go on the junk stock, striking gold.


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