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  7. For The Man on the Spot Ketchim: Is This True or Not?

For The Man on the Spot Ketchim: Is This True or Not?

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11 Sep 2012 14:13 #100475 by mapoui
www.counterpunch.org/2012/09/11/canadas-...bubble-set-to-burst/

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11 Sep 2012 14:17 #100477 by ketchim
No !

we are not America....

Fiscal management is top notch in our Housing sector :

including Mortgage rates and Owner Equity.

Prices will Decline as Demand stumbles :

But NO institution is gonna finance you 100 % !

In addition every high priced home Purchase is being :

independently Appraised before mortgage approval...

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11 Sep 2012 14:18 #100478 by ketchim
Some owners purchasing half a million and up is being asked :

to put a minimum of 20 % down payment !

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11 Sep 2012 14:20 #100479 by ketchim
I just structured one with 400 K in shares of the buyers company :

Vendor take back of 500 K

and mortgage of 2 million :

with 100 K down stroke .

De Bank rejected the Loan  :wink:

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11 Sep 2012 14:23 #100481 by ketchim
Cant getting nutten past  ::lol:: ::lol::

In New York , the Bank wouldda pop a Bokkel Champagne :

and stamped " Approved " 

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11 Sep 2012 14:25 #100483 by The Captain
see maps I told you guys yall reading too much thrash on the punch and huff


you and kwami

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11 Sep 2012 14:26 - 11 Sep 2012 14:49 #100485 by mapoui
ok!  i will trust your word instead of running out in the street bare-backed and screaming, ready to jump.


that Mike Whitney fella is very bright but he is a bit of a socialist nut who does not  do the that project any favors by being himself :angry:
Last edit: 11 Sep 2012 14:49 by mapoui.

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11 Sep 2012 14:28 #100486 by mapoui


hol' on cappo!  I asked did I not?


wat am I a moron...I know when to ask!


yet there are factors that ketchie does not comment on that are crucial..like the debt ceilings surpassed.  that is a horrible sign indeed!

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11 Sep 2012 14:30 #100487 by mapoui
but that can be explained by other factors but we have to know what the debt expenditures were..if in fact Harper was stuffing the CHMC by gorging on mortgages?

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11 Sep 2012 14:32 #100489 by ketchim
The measures taken re Debt ceiling :

Amortization has been chopped by 10 years :

You can no longer get a 35 year or 40 year Loan.

Maximum 25 ...

Soon that may be reduced IF household Debt continues climbing !

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