- Location
- Prince Albert, Sk
The banks are too smart these days to have a bust happen.
If in their equations and estimations they see and decline in spending they will drop the interest rate again, if they see good times they will increase the rate or keep it steady.
They know how to make money and it is keeping people just on the brink and dependent on lenders to get what they WANT(not need).
People carrying 500K debt on average incomes, I know many , is it smart , nope, but then they have like others said, the big house, huge boat, two new cars and a pair of quads and sleds.To them it doesn't matter they are living the way they feel is right.
Would I like my little piece of heaven , absolutely , but I am a realist and know it won't happen, but that is the difference, I know it isn't gonna happen!
If in their equations and estimations they see and decline in spending they will drop the interest rate again, if they see good times they will increase the rate or keep it steady.
They know how to make money and it is keeping people just on the brink and dependent on lenders to get what they WANT(not need).
People carrying 500K debt on average incomes, I know many , is it smart , nope, but then they have like others said, the big house, huge boat, two new cars and a pair of quads and sleds.To them it doesn't matter they are living the way they feel is right.
Would I like my little piece of heaven , absolutely , but I am a realist and know it won't happen, but that is the difference, I know it isn't gonna happen!
I guess you are right but there is one small difference. My little slice won't have a big house on it or any house for that matter, it won't be subdivided into little 3-10 acre plots, and there won't be any bullbozers reshaping the land.
There is all kinds of land around that has little to no value as wildlife habitat that could be reclaimed for acreages but everyone wants a piece of nature. Just saying that it is shame good habitat gets destroyed when it doesn't have to. As for me it I can always find a place to hunt and sooner or later I'll have the time. And as I said earlier this boom of money will go bust sooner or later. Many of these acreages are folks extending themselves waaaaaayyyy to far financially.



















































