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Recent comments

  • Tom
    July 20, 2010 - 13:03

    People can only afford these homes because they are using 35 year ammortizations. The government used to only allow 25 years. Then, they allowed 30,35 and 40 year terms, meaning you could afford a larger house. The government removed the 40 year over fears of a housing bubble but it was too late. Do you want to go into retirment, owing on a mortgage? Consider this, a $300,000 house, will cost you at least $600,000 when all is said and done (interest). So, your home price doubles over that time. Did you make any money? No. And don't forget, you never get property taxes, etc back. Houses are not an investment, and if they are, a very illiquid one and you have all your eggs in one basket! Good luck.

  • IMakelessthan75k
    July 20, 2010 - 13:02

    Get a clue calvin, I make just over 35k a year and just got approved for a 215k mortgage. If your too stund to figure mortgages out maybe its best you dont get one.

  • Merin
    July 20, 2010 - 13:02

    The real concern is what will happen to those people buying a house for $300,000 at 3.5% mortgage rate. When the rates go up, there are going to be a lot of people unable to pay their mortgages.

  • Newfie Guy
    July 20, 2010 - 13:02

    That's great news. Now if people paid more then $10 an hr which it seems the majority of people pay then people could afford to live in a decent house. Seriously, there's no need for these prices. It's not a positive thing for these price increases. It's more negative then anything.

  • Noone
    July 20, 2010 - 13:02

    Newfie guy price is determined by demand. If no one was buying houses then the pices wouldn't be as crazy as they are. So people must bel able to afford it in the city if they are buying them!

    And secondly less then 11% of the population in NL are working for minimum wage based on the latest data from Stats Can. So the majority of people HAVE to be payin more then $10.00 an hour

    Maybe its time to stop complaining and go find a real job eh?

  • Calvin
    July 20, 2010 - 13:02

    When it falls, its gonna fall hard, and all these $300 000 homes will be going for $180 000. Then some of us living below the $75 000 a year income mark will be allowed to buy a home. Get a clue As a result , what in the name of St. Peter do you think Danny Williams has to do with the cost of housing in this province? How do you explain the increase in housing costs in Corner Brook, Clarenville and Gander? They are not a a part of, as you called it, Kingdon of Danny, but house prices are increasing in those areas as well.

  • As a result
    July 20, 2010 - 13:02

    In the Kingdom of Danny commonly called St Johns all is well and the rich get richer therefore everyone is happy and King Danny stays as popular as ever. Outsdide the Kingdom of Danny however its a different story. That story dosent make King Danny look good so we wont talk about that.

  • John
    July 20, 2010 - 13:02

    Yeah, it would be much more positive if the prices were constantly going down, like they were when the Liberals were in power. Yep, everyone wants to see the biggest investment they own go down in price. The Williams gov. continues to invest hundreds and hundreds of millions into rural NL with little to no return. Millions into the fishery, millions into the paper industry, millions into agriculture, but that's never enough for the whiners. We get a little good news here, that our mortgages are not going bottom up, like in the US, and the Danny bashers are quick to cast it in a bad light. yep, can't wait to go back to the days when the Liberals were in power, house prices lowest in the country, minimum wage at 5 dollars an hour and 90, 000 people left the province. Give me a break.

  • Phoebe Tilley
    July 20, 2010 - 13:02

    John Smith must be Bones with yet another name. They both equally praise and worship theit idol Danny. I bet Danny makes the sun shine as well John. All the rain is the fault of the big bad Liberals. Get a friggin life John. PLEASE,