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Recent comments

  • Taxpayer
    July 02, 2010 - 13:31

    Yes it is all over but for paying the bills. Buyers will have to take their lumps like the guy in Calgary who bought a condo(not built) for $440,000 and it is now completed and worth $335,000 a loss of $105,000 on a place he hasn't lived in. As values decline because of few buyers there will be more foreclosures and CHMC(the taxpayer) will get hit with the cost. Thank you economist Steve another great job.

  • Joan
    July 02, 2010 - 13:22

    My tip for home buyers? Don't go NEAR what the bank has approved you for. 10 years ago we were approved by our bank for a home worth over 150 thousand dollars. We ended up getting a great deal on one that was 100 thousand. And our mortage rate was 4.2 percent. We've managed nicely. I think there are too many young couples out there that want it ALL and want it NOW... and trust the bank that they can truly afford this lifestyle. We got a 100 thousand dollar house and that allowed us to fix it up the way we wanted for about 10 thousand dollars - bit by bit. But our mortage payment is based on the 100 thousand only. Something to think about.

  • Taxpayer
    July 01, 2010 - 20:20

    Yes it is all over but for paying the bills. Buyers will have to take their lumps like the guy in Calgary who bought a condo(not built) for $440,000 and it is now completed and worth $335,000 a loss of $105,000 on a place he hasn't lived in. As values decline because of few buyers there will be more foreclosures and CHMC(the taxpayer) will get hit with the cost. Thank you economist Steve another great job.

  • Joan
    July 01, 2010 - 20:07

    My tip for home buyers? Don't go NEAR what the bank has approved you for. 10 years ago we were approved by our bank for a home worth over 150 thousand dollars. We ended up getting a great deal on one that was 100 thousand. And our mortage rate was 4.2 percent. We've managed nicely. I think there are too many young couples out there that want it ALL and want it NOW... and trust the bank that they can truly afford this lifestyle. We got a 100 thousand dollar house and that allowed us to fix it up the way we wanted for about 10 thousand dollars - bit by bit. But our mortage payment is based on the 100 thousand only. Something to think about.