After the '80s oil and real estate booms went bust in Calgary, there was a popular bumper sticker that said something like "Lord, Please Give Me Another Boom, I Promise I won't screw it up this time." There are a lot of young guys on this forum who don't have any doubt in their minds as to the gloriousness of Calgary's future and the infallabilty of Real Estate. I am just trying to sew that seed of doubt. Please just: 1. Don't take on a huge mortgage that you can barely manage because you are afraid of getting priced out of the market and, 2) Don't take a HELOC loan to buy an investment property because it is a sure thing and you see everyone else getting rich.
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