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Recent comments

  • david
    July 11, 2013 - 13:12

    Owning a house is not a right, it is a privilege. And it involves a chunk of actual money, not just easy credit. If people ever sober up, they might learn that the easier and cheaper way instead of the expensive, hard one.

  • If
    July 09, 2013 - 21:22

    "You used to be able to go to 90 per cent" If you need to borrow that much to pay off credit cards, you have bigger problems than a mortgage. Credit cards are ridiculous. Banks make a fortune off them and department stores are worse.

  • a business man
    July 09, 2013 - 20:03

    To me, the effects of the changes are a good thing because it means that there is a greater demand for rental units because people cannot afford to buy. This means that I charge more in rent and make more profit. James - I picked up a very nice place in a nice neighbourhood in Florida for dirt cheap. Frankly, with the low interest rates, the cheap US real estate, and the ability to charge higher rents on properties that I have already paid off in Newfoundland, it is my belief that the US housing crash is the gift that keeps on giving.

    • Brad
      July 10, 2013 - 11:33

      You should ask the Irish how that attitude worked out for them...most people I know of like you lost more than their shirts when the property market collapsed.

    • Sick of people like you
      July 11, 2013 - 09:45

      Its people like you that make it hard for the average person to survive. Yea!! lets raise the rent so i can line my pockets, screw the tenant,or the person trying to pay the bills. You will get your reward in the end.

    • a business man
      July 11, 2013 - 18:34

      I am not trying to make life hard for anyone to survive. I own property, and I charge what the market will allow me to charge. If a tenant cannot afford the rent and their expenses, they can leave and I will find someone else who can afford the rent. In this economy, it is really not hard. It is actually better for me when someone cannot afford the rent and leaves because then I can try to get someone to pay a higher rent. At the end of the day, I just want to get the most money for my property. Nothing more, nothing less.

    • Tracey
      July 13, 2013 - 03:39

      What happens when people can't afford to rent? Not everyone in Newfoundland works for the oil companies or are "business men" like you. You should feel real good about yourself Mr Business Man. The government should be after stepping in LONG AGO to regulate the amount of rent people like you can charge in this province.

    • a business man
      July 17, 2013 - 07:07

      Tracy, there willl always be someone who can afford the rent. So if a tenant cannot afford the rent, then they can leave and I will find some one new. I have never not been able to find a new tenant. I do feel good about myself, because I am providing for my family and its future generations. I provide high quality rental housing at the cost permitted by the market. I rent homes for what they are worth, not a penny less. If the government imposes regulation that cuts my profits, then I will find a way to make that money back. I charge the rent that the market can support. There are plenty of people who can afford the high rent, and those who cannot have no one to blame but themselves. I did not become a landlord to provide housing for those who cannot afford it. I am not the government, I do not proivde social services. I charge high rents, I raise the rents every year, and profit is the only objective. My tenants do not matter, their finances do not matter. Even though these properties have been in my family for years and are paid off completely, I still raise the rents. I can afford not to, but I rise the rents anyway because the market will support it.

  • James
    July 09, 2013 - 14:36

    It makes perfect sense. Long term loans and massive equity spending against homes is what caused the collapse in the states. Mind you - was good for me as I picked up a condo in Florida for a song.

  • Henry
    July 09, 2013 - 13:12

    To me, the effects of the changes are a good thing, because to often people are getting in way over their heads. It's just to bad that the Gov't has to changes the rules to force this on people, rather than people having enought common sense to not get in over their heads.