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Claeren · 08-25-2008, 02:16 PM

Over 8% last month, likely over 9% down by now.

That is before, as i said before, looking at the fact you get more house for that comparable average price as well.

People trying to squeeze in on the 40 years are STUPID > OMG who is advising these people?

They will be INSTANTLY upside down on their mortgages?

In fact virtually anyone who bought last year with less than 5% down (about 70% of new buyers in Calgary last year sadly) are now upside down.

Yikes!

Lets hope the masses never find out or else people might start to panic....

(^ All of which is the very reason the government panicked and has eliminated these mortgage products. People are going to lose BIG.)

Claeren.

08-25-2008, 02:16 PM	#286
Claeren Franchise Player Join Date: Jul 2003 Location: Section 218 Exp:	Over 8% last month, likely over 9% down by now. That is before, as i said before, looking at the fact you get more house for that comparable average price as well. People trying to squeeze in on the 40 years are STUPID > OMG who is advising these people? They will be INSTANTLY upside down on their mortgages? In fact virtually anyone who bought last year with less than 5% down (about 70% of new buyers in Calgary last year sadly) are now upside down. Yikes! Lets hope the masses never find out or else people might start to panic.... (^ All of which is the very reason the government panicked and has eliminated these mortgage products. People are going to lose BIG.) Claeren. Last edited by Claeren; 08-25-2008 at 02:22 PM.