Quote:
Originally Posted by fotze
I am still blown away with the amount of super nice/expensive cars on the road. Curious how that debt number breaks down. I.e car, credit card, etc.
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Lots of the luxury cars are leased. Most BMW's you see in the city are leased and it's why the 3 series is the new Civic in Calgary. Also a lot of people are getting into HELOC's to fund their toys. Calgarians wether they can afford it or not desperately try to keep up with the Joneses.