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View Full Version : Foreclosures hitting prime loans

trent
11-19-2009, 05:22 PM
It looks like even people with prime loans are in trouble in US now:

http://finance.yahoo.com/news/Foreclosures-hitting-more-apf-24626172.html?x=0&sec=topStories&pos=2&asset=&ccode=

How long until this reaches Canada?
Canadian
11-20-2009, 03:59 PM
All it is required is to have a 10% slide in real estate prices for more than 6 months. After that we'll have the same problems US had/have, but a liitle bigger...
Elli Davis
11-22-2009, 11:13 AM
I'm afraid that the situation here will be a lot worse than the situation in the US. I really hope I'm wrong, though.
Rickson9
11-23-2009, 04:33 PM
I'm afraid that the situation here will be a lot worse than the situation in the US. I really hope I'm wrong, though.

I hope that you will be right.
trent
11-23-2009, 07:10 PM
I'm afraid that the situation here will be a lot worse than the situation in the US. I really hope I'm wrong, though.

What makes you think the situation will be worse that US?
Elli Davis
12-02-2009, 02:27 PM
I hope that you will be right.

Why do you hope I will be right???
Rickson9
12-02-2009, 08:15 PM
Why do you hope I will be right???

If you are right, then there will be a lot of opportunity.