Actually, I believe in limiting the amount borrowed relative to income as well. I didn't address that issue as it was not part of the original post. But where you and I differ, is that I believe that...
Liked On: Tue, Aug 14th, 2012, 09:53 PM
What you are saying makes sense in a rising market. But in a market correction of 25% or so, these very people will be very underwater on their houses. As the investment prospectuses always say...
Liked On: Tue, Aug 14th, 2012, 09:19 PM
And that is a prime example of government screwing things up. If the bank will not risk their own money, why the heck should the government risk the taxpayers' money? It's a good thing (in the...
Liked On: Mon, Aug 13th, 2012, 11:28 PM
OK, here goes... Less than a 20% down payment is generally a really bad idea. Let's see why. Assume that you buy a $500,000 house with a 5% down payment. Let's even ignore closing expenses for...
Liked On: Mon, Aug 13th, 2012, 11:28 PM
OK, here goes... Less than a 20% down payment is generally a really bad idea. Let's see why. Assume that you buy a $500,000 house with a 5% down payment. Let's even ignore closing expenses for...
Liked On: Mon, Aug 13th, 2012, 04:08 PM
And that is a prime example of government screwing things up. If the bank will not risk their own money, why the heck should the government risk the taxpayers' money? It's a good thing (in the...
Liked On: Mon, Aug 13th, 2012, 04:08 PM
My personal belief is that these books have it slightly wrong. You can most certainly think yourself poor. Advertising pushes us in this direction. So does a lot of peer pressure and even advice from...
Liked On: Sat, Aug 4th, 2012, 02:27 PM
My personal belief is that these books have it slightly wrong. You can most certainly think yourself poor. Advertising pushes us in this direction. So does a lot of peer pressure and even advice from...
Liked On: Thu, Aug 2nd, 2012, 01:45 PM
My personal belief is that these books have it slightly wrong. You can most certainly think yourself poor. Advertising pushes us in this direction. So does a lot of peer pressure and even advice from...
Liked On: Thu, Aug 2nd, 2012, 03:03 AM
Actually, that income is indeed taxable. Don't think that there is a single way to make money that Canada Revenue Agency hasn't classified as income. Not intended as a dig at the original...
Liked On: Tue, Jul 31st, 2012, 07:57 PM
MortgageQueen, My rant was of course not directed at you. Your response didn't come across that you thought so. At the risk of sounding like one of the four Welshmen...
Liked On: Mon, Jul 9th, 2012, 01:08 PM
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