Christmas shopping

[Blaithin]

540 Radio in Sask says that 1 in 4 residential mortgages in arrears.

If so the Cerb buying spree is essentially over.

Pretty sure Alberta was something like 1 in 6 before the pandemic even started...

Was some ridiculous number anyway.

[wmoebis]

Pretty sure Alberta was something like 1 in 6 before the pandemic even started...

Was some ridiculous number anyway.

I think Covid has saved Alberta from seeing many of the real issues it is facing and was facing before the start.

[Blaithin]

I think Covid has saved Alberta from seeing many of the real issues it is facing and was facing before the start.

Just let’s some people stick their head back in the sand and blame federal politics a little bit longer. Once the pandemic is over they’ll be back where they were.

[farmaholic]

Blaithin, did Santa come early? Maybe you're on the naughty list this year.

[Blaithin]

Blaithin, did Santa come early? Maybe you're on the naughty list this year.

Not yet. Should I be checking the mail this week? 🤔

[farmaholic]

I hope you have a wood and coal stove. You're probably getting a railcar full of coal.

[Rareearth]

I don’t know or understand how or if it can be extrapolated.

- 1 in 4 shocked me
- is it this high because they could defer payments (or interest etc) so they did
- same with Cerb, people took the money because they could
So the above isn’t a true reflection of the market?

- cabins, farms, second homes in high demand ( money staying closer to home ( vs stock markets.)
- big snow storm is Saskatoon, and everyone on Cerb, unemployment insurance etc are offered snow clearing jobs ( trucks, graders, etc) but they decline or don’t want to go back to work= Worker shortage
- this is contrary to a higher real estate market with higher asking prices and selling prices, with demand higher than supply?

We seem to be waiting for the next Fed election. Expect more of the same, and the tag line will be “skippy will save us, look how much good has come averting disaster”

I’m wondering after the next election ?
- interest rates higher or lower ( best guess is lower first)
- tax increases, what ever and where ever they can - they will
- low inflation then runaway?
- inflation will be managed by Feds through higher interest rates
- business bankruptcies, and relocating to USA
- lower birth rate = need for higher immigration for jobs most don’t want ( solidifying votes for next election aftermath)

That all seems negative, but
- we have a safe climate
- high living standards, reasonable income levels
- generally safe non violent society ( getting worse fast though)
-

[Blaithin]

I hope you have a wood and coal stove. You're probably getting a railcar full of coal.

Hope not. I'd have to unload it!

[furrowtickler]

A lot of this seems puzzling.
Record household debt before Covid , job market not the greatest before either
The Covid hits , and within month the house market takes off , sea doos and RV’s sold out .
Now house market still on “fire” yet 25% ready for bankruptcy? Hmmmm
I must live a sheltered live cause none of what’s going on makes sense at all .

[Blaithin]

A lot of this seems puzzling.
Record household debt before Covid , job market not the greatest before either
The Covid hits , and within month the house market takes off , sea doos and RV’s sold out .
Now house market still on “fire” yet 25% ready for bankruptcy? Hmmmm
I must live a sheltered live cause none of what’s going on makes sense at all .

There are some people who have been gainfully employed this entire time. Stable employment and low interest rates are attractive for buying.

Doesn't make up for the part of the population that are bad with money though.