^^ Yikes.
On the mortgage issues, I have been on both sides of the equation. In retrospect, I was fortunate to buy my first house in 1998. "Retrospect" being the operative word, as I was convinced at the time that I would be the only guy in Calgary whose house went down in value. Put 25% down and banged out extra mortgage payments and was debt free in under 10 years. Those were the days.
Now, I still have that house as an investment property. Took out an LOC as part of that rental business. Now have a much larger mortgage, as I now live in the 'burbs with a bigger house and family.
Bottom line: went from debt free to debt laden (mortgage only-don't believe in car loans). However, the NAV is much higher, lifestyle is decent and my savings in RRSP, pension and other retirement vehicles is maxed out. I don't necessarily think being in debt is bad thing.
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From HFBoard oiler fan, in analyzing MacT's management:
O.K. there has been a lot of talk on whether or not MacTavish has actually done a good job for us, most fans on this board are very basic in their analysis and I feel would change their opinion entirely if the team was successful.
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