• You will need to login or register before you can post a message. If you already have an Agriville account login by clicking the login icon on the top right corner of the page. If you are a new user you will need to Register.

Announcement

Collapse
No announcement yet.

Its over

Collapse
X
Collapse
 
  • Filter
  • Time
  • Show
Clear All
new posts
Previous 1 2 3 template Next
    #13
    crusher . . . realtors in Calgary think
    prices are just going higher in cow town.

    guess we are all on meds . . . .

    Comment

      #14
      Lots of ways to play this.

      Western Canada is more insulated but there will be
      declines,probably based around local median incomes
      and local median home prices.

      If your a home owner and believe this is happening
      why wouldn't you want to put a hedge in place to
      offset the loss?

      The spill over effects may make for a double wammy
      ,with some stocks and mutual funds getting kicked
      hard,and this will crush the eastern canadian
      economy.

      Comment

        #15
        Remember one thing grasshopper" your house is
        not a asset".
        Have a great day!

        Comment

          #16
          I agree with SF3. Your house is not an asset. It is
          your roof to shelter you and your family from bad
          weather. I know a couple of people who have
          leveraged their roofs and are feeling some
          discomfort at this time. Any increases in interest
          or layoffs would really turn those families lives
          upside down. All because they borrowed against
          the roof over their heads.

          Comment

            #17
            When I look at my list of potential renovations (read kitchen), you got that right. It would fit in the liability column. Having said, has been one of my better places to store money and met the necessity of having a roof over my head.

            Just curious on the comment on farm land. An asset that returns an annual income or an investment that provides capital gains? To the topic that lead into this discussion, is land immune from the overall concerns expressed here. I guess depends a lot on where you live and how much of your land value is based on what it will produce versus other factors such as proximity to a city/other factors.

            Comment

              #18
              <html>
              <body>

              </body>
              </html>

              Comment

                #19
                Actually I made more money on houses than I
                ever made as a wage earner. Houses are assets.
                When I bought rental properyy for $16,000 to
                $42,000 to sell at an aberage of $92,000. My
                own house bought for $165,000 now easily worth
                $390,000 to $400,000, easy money and a great
                home.

                Comment

                  #20
                  15 years ago several people in Humboldt bought up many properties in town worth 10 grand each. They are not much but people rent them type of properties. Today the same properties are bringing in some nice profits. I would imagine that property type if put on that graph would look much different than most homes that people use for their residence.

                  Comment

                    #21
                    Sumdumguy: I dont agree that houses are assets. For a typical couple buying a house on a 25 year mortgage, the interest costs over the 25 yrs will be about the same as the original principal value. So your house has to double in value before you make any money on your investment. Plus you have to account for property taxes and maintenance costs.

                    Buying cheap rentals suites probably was a wise purchase, but have you ever had to deal with renters? Nightmare!

                    Comment

                      #22
                      A house is certainly an asset, given that
                      ya kin live on the street, er in yer car
                      if ya have ta sell er lose it. More money
                      made, buying and selling homes than fn
                      workin fer a livin.
                      Remember though, ifn theres not enough
                      money ta make both the house and car
                      payments. Always make the car payment
                      first, cousin ya can't drive a house,
                      whereas ya kin live in and drive yer car!

                      Comment

                        #23
                        Depreciating machinery an asset? At least
                        houses have appreciated. On a farm, I get it
                        because it is likely sunk costo that may bring you
                        no monetary return, but a happy wife means a
                        happy life so do the kitchen. Divorces aren't
                        cheap.

                        Comment

                          #24
                          "a house isn't an asset"

                          The bank may tell you otherwise.

                          Down south many learned the hard way that owing
                          more than its worth makes it a very real asset,thats
                          better to walk away from.

                          The one in a thousand who seen that bubble and took
                          action now can afford a bigger better home.

                          Land as an investment-great idea,5 years ago.

                          Investing is about what will happen,not what has
                          already happened.

                          Comment

                          Previous 1 2 3 template Next
                          • Reply to this Thread
                          • Return to Topic List
                          Working...