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Sylvanfan · 09-20-2006, 06:40 PM

Well if you already have debt, and a HELOC is at lower interest than what you're currently paying why wouldn't you use it?

Also when I hear Real Estate come back to Earth what does that mean? Houses are going to suddenly drop in value by 25%? I don't expect growth to keep up at it's current pace but unless some serious deflation occurs and people start leaving Calgary by the bus load, real estate prices will not be moving down. Even places that had their real estate markets get killed in recent years like Prince Rupert, and Prince George BC have had the prices come back to previous highs.

09-20-2006, 06:40 PM	#18
Sylvanfan Appealing my suspension Join Date: Sep 2002 Location: Just outside Enemy Lines Exp:	Well if you already have debt, and a HELOC is at lower interest than what you're currently paying why wouldn't you use it? Also when I hear Real Estate come back to Earth what does that mean? Houses are going to suddenly drop in value by 25%? I don't expect growth to keep up at it's current pace but unless some serious deflation occurs and people start leaving Calgary by the bus load, real estate prices will not be moving down. Even places that had their real estate markets get killed in recent years like Prince Rupert, and Prince George BC have had the prices come back to previous highs. __________________ "Some guys like old balls" Patriots QB Tom Brady Last edited by Sylvanfan; 09-20-2006 at 06:44 PM.