CoverIsBetter

Profiting from the $700 Billion Bailout

So your friend's house appreciated a half million Canadian dollars.So what? What does that say about our current financial crisis? Nothing. If he wants another similar Canadian home, guess what. He will have to spend a bunch of millions of Canadian dollars. (And then lose them all when their asset bubble pops)

So the exchange rate changed. That is completely a separate issue which you poorly explain by mentioning a home that nearly doubled in value in its home currency. Exchange rate arbitrage is totally overrated. Try moving just 100 miles within the US and see what I mean.