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Strategies & Market Trends : 50% Gains Investing

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To: Cogito Ergo Sum who wrote (83157)	10/6/2009 11:06:24 PM
From: Johnny Canuck	Read Replies (2) of 118717

I am not sure that Canada does not have it own real estate crisis coming in the future also. There are a lot of people buying homes at low mortgage rates and buying as much house as they can afford. I don't know that they can handle the payments when they re-finance in a few years once the central banks start to re-inflate to deal with their outstanding debt. Message 25999520 If you are already in the market and looking to re-finance the luck of the Irish is with you. If you are a first time buyer, devil take the hind most when the interest rates start to increase especially in markets like Vancouver, Calgary and Saskatoon. Too many people forgot about the late 70's and early 80's when high mortgage rates and inflation caused people to lose their homes on a wholesales basis. In terms of the potential percentage increases in mortgage payments the conditions are similar in many markets. The article that Sultan posted on real estate on the greatfool.ca is accurate in my view. View of Canadian debt increasing per person. Message 25999520

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