Liberals committed to never-ending deficits, debt
- Thread starter Colpy
- Start date
Yeah, it must have been Ontario's booming manufacturing sector.
Usually, the risk sits with new home buyers.
If you buy your house to live in it rather than as a financial investment, then you'll have little to worry about if housing prices fall since you won't be selling it anyway.
If you were buying houses left, right, and center as investments that you planned to flip, essentially treating them like stocks on the stock market, well, then, what do you expect? Like all stock prices, house prices rise and fall.
If you were buying houses left, right, and center as investments that you planned to flip, essentially treating them like stocks on the stock market, well, then, what do you expect? Like all stock prices, house prices rise and fall.
A change in R/E prices generally is an indicator of the general health of the economy.
Housing price collapse will probably mean wage deflation and/or layoffs.... Try telling the bank that it's OK you're missing mortgage payments 'cause you live in the house
Mortgages are another matter. You shouldn't get a mortgage you can't handle. You might have a right to shelter, but that doesn't mean you have a right to own that shelter.
Yes, you're right that housing prices are indicative of the economy. But a housing bubble is never healthy.
unless you bought high and then so much for equity
ESPECIALLY if the shack needs work
I get what you're driving at, but the comment remains.
In the event you bought all cash, didn't rent the places and looked to upgrade and then flip, expect to lose your shirt unless you can hang on for a number of years.
In the event you're renting, the renters are at the mercy of the economy, but property taxes, insurance, maintenance/upkeep remain
Either way, you be fukked
https://writingexplained.org/apologise-or-apologize-difference
Again, sorry.
Rather than natter on about preferred spelling of words, you should do a little reading on what CMHC does and doesn't do. Expand that concept to other areas and you may end up embarrassing yourself less often, thereby reducing the twistiness of you panties when I tell you you're wrong.
I hate it when Liberals promise spending increases and Conservatives promise tax cuts. I'd rather Liberals promised tax increases and Conservatives promised spending cuts. But alas, the latter doesn't win votes.
I don't know about the last time but one of the biggest times was when they cut the Provincial income tax in B.C. back by 50% sometime shortly after the turn of the century!
Boy, if I ever met a sucker for punishment.
I'll tell you what, idiot.
If you can control yourself and act halfway descent to people on the forum, without the usual snark and ignorance, I'll stop pointing out all your character faults and lack of brains.
Twistiness, good grief.
The profits from that overinflated barrel funded massive infrasteucture in Western Canada. 19th century ports, rail and the hiways that were built along side rail weren't cutting it.
Western Canada is the future of Canada. Period.
The economy leaped upon completion of many of these projects and some are still on going.
You're wasting your time, I've been on his Ass for ignorance for 10 years - he doesn't seem to understand there's bigger qualities of character than always being factually correct.
Who gives a f*ck? Every bank has different rules.................meathead!
No, that was what the B.C. Provincial Gov't. did the very first day they took office back about 2001.
Maybe you should reread your post, Meathead! For the mentally challenged I've been known to give hints. Hint- "mortgages and CMHC".
(There, he's been bitch slapped)