Quote:
Originally Posted by Twisted Canuck
The negative rates for the last 5 years or so are a contributing factor to the meltdown now, no question. Not carrying any debt load, and only a small mortgage at this point, it's easier to be calm.
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Oh yah. Lots of people around with a TON of debt and this could really push more than a few over the edge. A appropriately sized mortgage is one thing but the ones to really feel the first wave will be the guys that leveraged themselves to buy investments...... Just ask the guys that bought $1.7 million dollar homes in Vancouver, that are now worth $1.1 million. They all thought it was going to be so easy too.......