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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Canadian Finance and Investing Thread - Paying More is our National Pastime
 
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Rockzilla
Feb 19, 2007

Squish!

Lexicon posted:

Here's your occasional reminder that we, as a nation, are loving poo poo at not being hopelessly indebted:

http://www.vancouversun.com/business/Household+debt+afflicts+Canadians+soars+record+levels/8909016/story.html

Seems like a lot of that is from a spike in new mortgages. Before we bought a condo last year we had no debt and enough cash for a down payment, appliances and an emergency fund. 15 months later we have an emergency fund and $240k left on our mortgage, meaning our debt to income ratio jumped from zero to about 400%. Anyway, now that I'm balls-deep in mortgage debt I'm expecting that the Vancouver real estate bubble will explode any day now.

* # ¿ Sep 13, 2013 23:17
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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Canadian Finance and Investing Thread - Paying More is our National Pastime