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Reload this Page Foreclosures hitting prime loans
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  #1  
Old 11-19-2009, 05:22 PM
trent trent is offline
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Exclamation Foreclosures hitting prime loans
It looks like even people with prime loans are in trouble in US now:

http://finance.yahoo.com/news/Forecl...&asset=&ccode=

How long until this reaches Canada?
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  #2  
Old 11-20-2009, 03:59 PM
Canadian Canadian is offline
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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...
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  #3  
Old 11-22-2009, 11:13 AM
Elli Davis Elli Davis is offline
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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.
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  #4  
Old 11-23-2009, 04:33 PM
Rickson9 Rickson9 is offline
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Quote:
Originally Posted by Elli Davis View Post
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.
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  #5  
Old 11-23-2009, 07:10 PM
trent trent is offline
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Quote:
Originally Posted by Elli Davis View Post
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?
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  #6  
Old 12-02-2009, 02:27 PM
Elli Davis Elli Davis is offline
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Originally Posted by Rickson9 View Post
I hope that you will be right.
Why do you hope I will be right???
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  #7  
Old 12-02-2009, 08:15 PM
Rickson9 Rickson9 is offline
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Why do you hope I will be right???
If you are right, then there will be a lot of opportunity.
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