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why a US housing crash won't ever happen in Canada

 
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 11:13 PM
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Re: why a US housing crash won't ever happen in Canada
From what I've seen they were not giving mortgages to Burger King fry cooks and building 10,000 unit subdivisions in towns of 1500 people. I don't think we had the mortgage fraud and land speculation/real estate swindles even a percentage of what the US did.
 Quoting: Anonymous Coward 34502686


^^^ This is wisdom.^^^
 Quoting: Anonymous Coward 34370565


right on - i agree
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 11:19 PM
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Re: why a US housing crash won't ever happen in Canada
Yes, I've owned 4 houses in Canada. It is just as overpriced there also. The crash will also happen there.
 Quoting: Anonymous Coward 33298613


It's different here. Canada knew what it was doing. Also, lots of foreign investors.
 Quoting: Anonymous Coward 27945631


That's nothing to be proud of. Foreign investors siphon wealth out of this country. That's the reason why as rich as this nation is in raw materials and factory square footage, the average Canadian has a lower standard of living than he did in the 1980's.

If every time your economy generates a new dollar in wealth and some foreign fuck takes it out of your country, you have gained nothing. We would have been better off printing lots of our own money and lending it to Canadians who wanted to build new factories and open new mines. Then all the wealth stays here. Instead we took a few easy Chink and Yank pennies in initial investment and watch as billions piss their way off all over the world.

Canadians are smart, no, they're incredibly stupid.
 Quoting: Anonymous Coward 34502686


Actually, the US should have attracted more rich Chinese people. Most are hard working and love shopping. Generates money into the economy. Just ask any retailer in an bordering state with Canada. They cross the border and shop till they drop.

In the hot markets, they were paying cash for expensive homes. Wonder why so many Chinese are so rich. Americans should see what that country is doing and learn from the Chinese. They are smart.
crooks
User ID: 34030762
Canada
02/15/2013 11:22 PM
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Re: why a US housing crash won't ever happen in Canada
Smart Carney quit few months ago
and its already crashed 15% in Vancouver:

[link to www.chpc.biz]
 Quoting: crooks 34030762


it has not crashed. some prices have softened. the average home is still close to $900K in Vancouver area. it will never crash. it may soften up a bit.

i read today prices are going up even with sales slow. buyers have pulled their properties off the market.
 Quoting: Anonymous Coward 27945631


Muahahahahaha 900k for a for a single family home and you believe it will never come down, you are pathetic!

As I said, its already down 15% there and the other major cities are down 2 to 6% already.

Stop saying its still going up, that's a lie! You are either a real estate agent or you were duped by one!

Remember when Harper had to buy 70 billion dollars of banks shares in 2009?? Yeah thats right it means the banking system was showing weakness and WE the taxpayers paid it all! So next is failure!
Anonymous Coward
User ID: 1885697
United States
02/15/2013 11:29 PM
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Re: why a US housing crash won't ever happen in Canada
America failed bc it is a global market (along w greedy bank lenders and all that credit that wasn't backed up w real money). That being said it IS a global economy. Canada or any other country on this globe - hence the global economy is therefore in trouble. It is a trickle down effect of a global economy. Sorry Charlie. Now possibly if you move Canada to another planet then you would be safe
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 11:41 PM
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Re: why a US housing crash won't ever happen in Canada
America failed bc it is a global market (along w greedy bank lenders and all that credit that wasn't backed up w real money). That being said it IS a global economy. Canada or any other country on this globe - hence the global economy is therefore in trouble. It is a trickle down effect of a global economy. Sorry Charlie. Now possibly if you move Canada to another planet then you would be safe
 Quoting: Anonymous Coward 1885697


i understand your point; however, Canada fared well during the economic crisis despite the global economy factor - something so different about Canada for sure.
Anonymous Coward
User ID: 1885697
United States
02/15/2013 11:43 PM
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Re: why a US housing crash won't ever happen in Canada
America failed bc it is a global market (along w greedy bank lenders and all that credit that wasn't backed up w real money). That being said it IS a global economy. Canada or any other country on this globe - hence the global economy is therefore in trouble. It is a trickle down effect of a global economy. Sorry Charlie. Now possibly if you move Canada to another planet then you would be safe
 Quoting: Anonymous Coward 1885697


i understand your point; however, Canada fared well during the economic crisis despite the global economy factor - something so different about Canada for sure.
 Quoting: Anonymous Coward 27945631


Well good luck. This article is a few years old. I do believe things will get better. It will be a long time. I just think a global economy is terrible. Things need to change. America makes nothing. It is horrible. [link to www.pewglobal.org]
Anonymous Coward (OP)
User ID: 27945631
Canada
02/15/2013 11:54 PM
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Re: why a US housing crash won't ever happen in Canada
America failed bc it is a global market (along w greedy bank lenders and all that credit that wasn't backed up w real money). That being said it IS a global economy. Canada or any other country on this globe - hence the global economy is therefore in trouble. It is a trickle down effect of a global economy. Sorry Charlie. Now possibly if you move Canada to another planet then you would be safe
 Quoting: Anonymous Coward 1885697


i understand your point; however, Canada fared well during the economic crisis despite the global economy factor - something so different about Canada for sure.
 Quoting: Anonymous Coward 27945631


Well good luck. This article is a few years old. I do believe things will get better. It will be a long time. I just think a global economy is terrible. Things need to change. America makes nothing. It is horrible. [link to www.pewglobal.org]
 Quoting: Anonymous Coward 1885697


America will be back - bigger and stronger. No worries there. Yes, just needs a bit of time. But things WILL get better.
Anonymous Coward
User ID: 6420767
United States
02/16/2013 12:05 AM
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Re: why a US housing crash won't ever happen in Canada
u fucks are brainwashed sheep..

nuff said

the picture is so much biggar then fucking countries...


fuck off

cunttrys made up by white guyys creating imaginary lines and borders

fuck off with the lies

long live white guys who have been able to pull the wool over your motherfucking eyes

fuck off once and forever
Anonymous Coward
User ID: 25156960
Canada
02/16/2013 12:54 AM
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Re: why a US housing crash won't ever happen in Canada
Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

.
 Quoting: Anonymous Coward 961432


sound banking practices saved Canada. U.S. administration should have learned from the Canada. we could have helped.
 Quoting: Anonymous Coward 27945631

propoganda
you stupid phuckin turd.... ever here of Goldman - sachs....
they own our banks, and the phuck Carney is part of the Goldman - Sachs show..
oh and dont forget about smilin Jim Flaraty that bought off lyin phuck, he is part of the show too....
your phuckin ignorance and undeserved pride in our banking system astounds me..
i would like to give you a good boot in the ass to straighten you up, but alas that space is occupied by your fat phuckin head
pop your head out and take a look around....the truth is out there!!!!!!
Anonymous Coward
User ID: 25867801
United States
02/16/2013 05:51 AM
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Re: why a US housing crash won't ever happen in Canada
Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

.
 Quoting: Anonymous Coward 961432


sound banking practices saved Canada. U.S. administration should have learned from the Canada. we could have helped.
 Quoting: Anonymous Coward 27945631

propoganda
you stupid phuckin turd.... ever here of Goldman - sachs....
they own our banks, and the phuck Carney is part of the Goldman - Sachs show..
oh and dont forget about smilin Jim Flaraty that bought off lyin phuck, he is part of the show too....
your phuckin ignorance and undeserved pride in our banking system astounds me..
i would like to give you a good boot in the ass to straighten you up, but alas that space is occupied by your fat phuckin head
pop your head out and take a look around....the truth is out there!!!!!!
 Quoting: Anonymous Coward 25156960


Why no rebuttal for ^^^this^^^ post? It's a tad boorish but it raises some interesting points.
Anonymous Coward (OP)
User ID: 27945631
Canada
02/16/2013 10:47 PM
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Re: why a US housing crash won't ever happen in Canada
Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

.
 Quoting: Anonymous Coward 961432


sound banking practices saved Canada. U.S. administration should have learned from the Canada. we could have helped.
 Quoting: Anonymous Coward 27945631

propoganda
you stupid phuckin turd.... ever here of Goldman - sachs....
they own our banks, and the phuck Carney is part of the Goldman - Sachs show..
oh and dont forget about smilin Jim Flaraty that bought off lyin phuck, he is part of the show too....
your phuckin ignorance and undeserved pride in our banking system astounds me..
i would like to give you a good boot in the ass to straighten you up, but alas that space is occupied by your fat phuckin head
pop your head out and take a look around....the truth is out there!!!!!!
 Quoting: Anonymous Coward 25156960


looks like a hit a nerve.
Anonymous Coward (OP)
User ID: 27945631
Canada
02/16/2013 10:50 PM
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Re: why a US housing crash won't ever happen in Canada
u fucks are brainwashed sheep..

nuff said

the picture is so much biggar then fucking countries...


fuck off

cunttrys made up by white guyys creating imaginary lines and borders

fuck off with the lies

long live white guys who have been able to pull the wool over your motherfucking eyes

fuck off once and forever
 Quoting: Anonymous Coward 6420767


just stating what is a true fact. no need to freak out.

it's not Canada's fault we avoided a housing crash. don't hate us cuz we averted a massive disaster.
Anonymous Coward
User ID: 29174238
Canada
02/16/2013 10:57 PM
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Re: why a US housing crash won't ever happen in Canada
JP Morgan is the big player in Canada, not Goldman Sachs.

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