since there are two sides to every coin, it could be possible
that when interest rates begin to rise, people will rush to buy a
house and get a loan before rates are raised again. Due to the fact
that once rates reverse trends, they do so for a very, very long
time and in this case this will be a generational change.
Posted by mhordila on 21st of Mar 2010 at 04:25 pm
Garth Turner, author, financial commentator, and has twice
served as a Member of Paliament in Canada’s House of Commons.
Actually, the current Prime Minister of Canada kicked him out of
the caucus a few years ago, for too many personal but public
comments. He's of a doom and gloom orientation.
two sides to every coin
Canadian Bubble
Posted by 8899 on 21st of Mar 2010 at 03:59 pm
since there are two sides to every coin, it could be possible that when interest rates begin to rise, people will rush to buy a house and get a loan before rates are raised again. Due to the fact that once rates reverse trends, they do so for a very, very long time and in this case this will be a generational change.
just something to think about imo.
Garth Turner's blog discusses this in detail every day...
Posted by mhordila on 21st of Mar 2010 at 04:25 pm
Garth Turner, author, financial commentator, and has twice served as a Member of Paliament in Canada’s House of Commons. Actually, the current Prime Minister of Canada kicked him out of the caucus a few years ago, for too many personal but public comments. He's of a doom and gloom orientation.
www.greaterfool.ca