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#2
04-18-2007, 01:13 AM
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Good one Midnight
 Just for interest and to add to the discussion, when I sold my house in England in 1982 and put the proceeds in the Bank in Canada I was getting 15/12 % interest on the deposit . In the next 18 mths mortgages reached as high as 20%. By the score people were walking away from their homes , unable to afford the increased payments. Inflation was finally brought under control but house prices on the island did not recover substantially for over 10 years !! Wages also fell way behind , with for a long time zero increases and even reduced salaries. Our memories tend to be short but it is only comparatively recently that we are experiencing more jobs than workers ( thank goodness ) and houses are rocketing up in price . Hopefully our economists will continue to fine tune the economy to keep things stable and we will not return to the boom and bust scenario of a couple of decades ago. I suppopse the best advise is not to reach too high ! Again good luck in making your choice , may the gods be with you .......... ...........................Dave. 
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#3
04-18-2007, 03:27 AM
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Speaking of more jobs/workers ratio......just wondering what people's thoughts are on the aging population and how this will affect housing prices. Will empty nesters want to sell the house for a condo? Will condo prices rise because of the demand? Will house prices fall because of supply?
Thanx much,
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Mark.
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#5
04-18-2007, 06:06 AM
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rental helper
Definitely look for a place that has an included rental suite. It's nice to have someone pay a portion of your mortgage. I bought a house in East Van five years ago for $289,000. It was a dump but I threw a fair bit of money at it and a lot of my own sweat and energy and now have a house that I couldn't afford to purchase with its new appraisal. The rental suite downstairs made all of this a viable option.
Plus when I go away, they look after my fish!!
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210gal tank, mega flow#4 sump 30gal, Euroreef RS250, 1/2 horse chiller, lifeguard 40watts uv sterilizer,poseidon ps4 external pump,24" plexi refugium with pump and light, 2 rio pumps 3100,72" 72" PFO Solaris-I4 15K LED Lighting Fixture. Tunze wavebox. Precision Marine calcium reactor for up to 400gal,with about 200lb of figi live rock, bare bottom
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#7
04-18-2007, 10:15 PM
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Hybrid Mode
