Quote:
Originally Posted by Scott h
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.......
|
Same issue. No one really needs a million dollar house. If someone else made a poor investment choice that is their problem. Why would I go around asking people how to lose money. It doesn’t take much logic to figure out if you buy a house for $1.5 million you probably won’t find a bigger sucker to pay you $3 million. That is called speculation that’s not investing. Some people don’t know how to recognize the difference.