Sorry I missed the fat lady. What song did she sing?
Cotton, you taking the same meds that Errol is?
Cotton, you taking the same meds that Errol is?
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Two possible reasons for that, crusher. His balls are up in the air among the rest of the world's balls, or he's a son of a ... numismatist who has a house for sale in Vancouver.Comment
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crusher . . . realtors in Calgary think
prices are just going higher in cow town.
guess we are all on meds . . . .Comment
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Lots of ways to play this.
Western Canada is more insulated but there will be
declines,probably based around local median incomes
and local median home prices.
If your a home owner and believe this is happening
why wouldn't you want to put a hedge in place to
offset the loss?
The spill over effects may make for a double wammy
,with some stocks and mutual funds getting kicked
hard,and this will crush the eastern canadian
economy.Comment
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Remember one thing grasshopper" your house is
not a asset".
Have a great day!Comment
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I agree with SF3. Your house is not an asset. It is
your roof to shelter you and your family from bad
weather. I know a couple of people who have
leveraged their roofs and are feeling some
discomfort at this time. Any increases in interest
or layoffs would really turn those families lives
upside down. All because they borrowed against
the roof over their heads.Comment
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When I look at my list of potential renovations (read kitchen), you got that right. It would fit in the liability column. Having said, has been one of my better places to store money and met the necessity of having a roof over my head.
Just curious on the comment on farm land. An asset that returns an annual income or an investment that provides capital gains? To the topic that lead into this discussion, is land immune from the overall concerns expressed here. I guess depends a lot on where you live and how much of your land value is based on what it will produce versus other factors such as proximity to a city/other factors.Comment
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Actually I made more money on houses than I
ever made as a wage earner. Houses are assets.
When I bought rental properyy for $16,000 to
$42,000 to sell at an aberage of $92,000. My
own house bought for $165,000 now easily worth
$390,000 to $400,000, easy money and a great
home.Comment
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15 years ago several people in Humboldt bought up many properties in town worth 10 grand each. They are not much but people rent them type of properties. Today the same properties are bringing in some nice profits. I would imagine that property type if put on that graph would look much different than most homes that people use for their residence.Comment
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