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Old 02-07-2007, 02:28 PM   #103
Cowperson
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Join Date: Oct 2001
Location: A pasture out by Millarville
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Quote:
Originally Posted by wpgflamesfan View Post
If the market ever did colapse so many people would be royally ****ed (i.e. herd some guy talking on the phone about having a 1.2 million dollar morgage). What happens to him when he's stuck with a 1.2 million dollar morgage on a 600 000 house?
He does what thousands in Calgary did in 1980 . . . . he throws the keys on the counter and walks out the door and lets the bank have the problem.

Cowperson
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