Comments on: "Buy if you love Canada" – Maclean's http://housingdoom.com/2006/12/19/buy-canada/ Fri, 10 Feb 2012 23:33:03 +0000 hourly 1 http://wordpress.org/?v= By: twist http://housingdoom.com/2006/12/19/buy-canada/#comment-2596 twist Wed, 20 Dec 2006 19:42:11 +0000 http://housingdoom.com/2006/12/19/buy-canada/#comment-2596 NV Mike- You are embarassing me with your nice looking HTML- I cheat and use the Doom editor. I'm going to have to get out John's tutorial and practice! NV Mike-

You are embarassing me with your nice looking HTML- I cheat and use the Doom editor. I’m going to have to get out John’s tutorial and practice!

]]> By: NVmike http://housingdoom.com/2006/12/19/buy-canada/#comment-2595 NVmike Wed, 20 Dec 2006 17:24:51 +0000 http://housingdoom.com/2006/12/19/buy-canada/#comment-2595 <blockquote> <b>MORTGAGE debt may be high, but the social benefits of home ownership are undeniable</b> </blockquote> Absolutely ludicrous! The author completely ignores the social devastation of foreclosure.

MORTGAGE debt may be high, but the social benefits of home ownership are undeniable

Absolutely ludicrous! The author completely ignores the social devastation of foreclosure.

]]> By: Old Mike http://housingdoom.com/2006/12/19/buy-canada/#comment-2594 Old Mike Wed, 20 Dec 2006 01:25:49 +0000 http://housingdoom.com/2006/12/19/buy-canada/#comment-2594 John, since it seems the faux-millionaire real estate plague is crossing international borders to the North, a little consulation for both our countrymen. As The Economist reports,you only need a net worth of $150,000 to be in the top 5% in the world and $2,161 puts you right in the middle. John, since it seems the faux-millionaire real estate plague is crossing international borders to the North, a little consulation for both our countrymen. As The Economist reports,you only need a net worth of $150,000 to be in the top 5% in the world and $2,161 puts you right in the middle.

]]> By: jan-martin feddersen http://housingdoom.com/2006/12/19/buy-canada/#comment-2593 jan-martin feddersen Tue, 19 Dec 2006 14:31:11 +0000 http://housingdoom.com/2006/12/19/buy-canada/#comment-2593 they really should put an ad sign on top of those pages or sponsored from ....... they really should put an ad sign on top of those pages or sponsored from …….

]]> By: twist http://housingdoom.com/2006/12/19/buy-canada/#comment-2592 twist Tue, 19 Dec 2006 09:09:03 +0000 http://housingdoom.com/2006/12/19/buy-canada/#comment-2592 John- It smacks of Lereah's comment, "<em>The housing sector and the U.S. economy need home sales (transactions) more than home price appreciation. Every time a home is purchased, other industries, such as furniture and appliances are positively impacted. (Economists call this the “multiplier” effect.) You purchase a home; you then need to purchase furniture, appliances, and so on. In fact, a healthy housing market impacts about 20 percent of gross domestic product — GDP. Once sales pick up, housing inventories drop. That places welcome upward pressure on home prices once again. And the cycle of life in the real estate markets as we know it, continues.</em>" It appears that realtors on both sides of the border are getting desperate for excuses to talk consumers into buying. I have a hard time with "Increase your debt and risk your financial security for the good of your nation!" Canada and the U.S. will both be better served if individuals focus on keeping their finances in order, rather than on finding ways to get everyone in North America into some crazy loan. (It might not, however, be better for commissions.) John-

It smacks of Lereah’s comment, “The housing sector and the U.S. economy need home sales (transactions) more than home price appreciation. Every time a home is purchased, other industries, such as furniture and appliances are positively impacted. (Economists call this the “multiplier” effect.) You purchase a home; you then need to purchase furniture, appliances, and so on. In fact, a healthy housing market impacts about 20 percent of gross domestic product — GDP. Once sales pick up, housing inventories drop. That places welcome upward pressure on home prices once again. And the cycle of life in the real estate markets as we know it, continues.”

It appears that realtors on both sides of the border are getting desperate for excuses to talk consumers into buying. I have a hard time with “Increase your debt and risk your financial security for the good of your nation!”

Canada and the U.S. will both be better served if individuals focus on keeping their finances in order, rather than on finding ways to get everyone in North America into some crazy loan. (It might not, however, be better for commissions.)

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