Post by
dart321 on Oct 17, 2022 12:51pm
Economics
Mortgage apps have dropped by 43% in the past three weeks, drops this substantial have not been seen since the housing crash in the 1980's of Alberta. The difference this time is the average home owner now has an additional debt load in the form of lines of credit which was not seen in the 80's. This is making this crash longer and stronger. Canadian households are said to have 3 to 6 months of savings left to cover the additional interest rate costs then the bottom falls out as more and more home owners default.
Comment by
Chefboy69 on Oct 17, 2022 1:01pm
let them default...my sisters house went up 500K in 2 years.... UN fu.cking real...all based off of historically low interest rate hikes and the " THOUGHT THAT REAL ESTATE only goes up in value suck it up buttercup
Comment by
Chefboy69 on Oct 17, 2022 1:03pm
wanna talk Economics....for the first time in 20 years SAVERS are better off.... like i said SUCK IT UP.... i am DEBT free
Comment by
Chefboy69 on Oct 17, 2022 1:31pm
i guess you better build a bunker and fill it with canned goods then..LOL... see ya later short...i am making money AND YOU ARE LOSING IT TODAY BYE