Live~NRGY

Bank of Canada warns of risk of housing ‘correction’ – The Globe and Mail.

Well what have we here, someone’s finally waking up and smelling the B.S. real estate market.

Now what idiots out there prefer paying 25 percent down on a mortgage to get no CMHC insurance and on top of that pay an extra 100K or more because interest rates are super low.

Well, imagine that. Seems like a lot of Canadians have done just that, being hoodwinked into being stupid.

I’m sorry, but just because we’ve got every financial wizard telling us that now’s the time to by into mortgages because they at historical lows, has got holes and craters bigger upstairs than their asses had better dream up other bedtime stories.

Didn’t buy it and still don’t.

Wait till interests goes up, house prices got down and nothing moves. You’ll be in a better buying position. Right now, whether your male or female, they’ve got you by the left ball and right ball.

And just ‘WHY’ do you think Mark’s over in England exactly. Cause the sun shine’s better ???

Hey, but don’t say I told you so.

AND don’t forget Calgary IS THE EXCEPTION !

You are S.O.L. in Ottawa ! To bad 🙂