Paradise International

 Maybe I should put my best Sherlock Holmes cap on and see what I can come up with for you

Linguini for an edit button ?????    gata do better than that

That’s a shame ….Well I could lend you mine, but I’d make you beg first .. hehehe

You seem a little testy today. lol     Is your edit button still on vacation?

Hi Equiz.. I read the article. It gives an fairly good overview but does not seem to  draw a correct conclusion  ..The article’s conclusion throws the article into a mixed message position but they gotta sell magazines right? ..What I mean  is that on the one hand you have a picture of a house tied to a balloon about to be pricked on the front cover of the mag which denotes a POP and DEFLATE  but then his conclusion suggests something different..

The below clip from the article is not gonna happen,  IMO   :

“Canada’s lenders generally have legal recourse to borrowers, meaning they can pursue a borrower’s other assets in court in the event of foreclosure. That makes it more difficult to simply abandon a home that has become a financial albatross, as countless Americans have done. Rather than a cataclysmic surge in mortgage defaults, most overextended Canadians will likely absorb the damage on their personal balance sheets. This should contain the slide in prices — but it might also mean more Canadians retiring in poor financial condition in the years ahead. And it would also imply a substantial reduction in labour mobility, with stricken homeowners shackled to their real estate.”

Doubtful ….. This will not contain the slide in prices . First,  the Gov’t and CMHC front loaded the housing market to save ??? the economy in 2008 .. A temporary solution to goose the economy by bringing forward future buyers. However , it was short sighted because  you cannot support an economy by nurturing  prolific personal debt and a house bubble via ultra low interest rates and mandating CMHC to open the spigot , and they know that too..the cruds

Second, yes there is recourse but so what, you cannot get blood from a stone.. I don’t know how he expects people to absorb it onto their balance sheets  .. It’s a ridiculous statement.. In my experience, people who are struggling under a financial albatross eventually succumb to the burden thus falling behind in payments especially since there is not a lot of cash and savings on hand if one is mortgaged and indebted  to the hilt …. Everything tends to go to pot at this point .. I think you  will see a lot of people whom got in over their heads trying to sell their homes especially if they think the market is now turning.. Course it’s game over to sell as the tide turns. Inevitably , prices start to ratchet down as houses start lanquishing on the market thus the bear market starts…It’s not like we haven’t been here before with housing corrections but I gotta tell you this  seems to be one mother of a house bubble that we’ve ever seen around here .

Also, as he correctly pointed out , a lot of boomers consider their home to be their retirement nest egg. So what happens when all this negative press in housing starts to seep in? The light bulb starts to flicker and they collectively say  , hey honey we should put the house on the market now……… ooooops

Oh there was more I wanted to say but I can’t find the article now, anyways have a great weekend. cheers

Oh yeah, he’s a screamer

Well now it looks like he was saved  by the button so to speak

Will the Mafia booty give me an answer to you simultaneous handles ?

Bibs and cheap wine..how can an Au girl resist. lol

Say, ya think you got any long forgotten gold treasures buried in the back yard  ..Like maybe some Mafia booty

That is so weird..You must have registered both

I will set up Wal—Mart Greeter handle for you.. and it should have an edit button..how about that?

that is with 3 hyphens between wal and mart… Oooooo I have an edit button

Yes , he must be traumatized.. maybe we should offer to wash and iron his apron

he can’t even remember his handle let alone where  his edit button is 

PS, no one in their right mind would give me that much power.. hehe

Oh yeah sure. Like I have the power to delete your edit button..maybe it was just plum worn out  and  it’ s on vacation

abuse it, you lose it.. LOL