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Thread: Mortgage Renewal - WWBD?

  1. #61
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    Quote Originally Posted by suntan View Post
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    Inflation caused by currency devaluation like what we're seeing now? That kills ruling parties. Asset value deflation, permanent price increases to staple goods, a very high chance of recession and withdrawal of foreign goods.

    It's good for 'berta though.
    Yous gonna pay the piper one way or the other.

    The other is now less palatable than the one you outlined above, it sounds like.

    I probably posted here 10 years ago or something that Canadians' naive attachment to gov't funded entitlements was going to end up with inflation. It's really the only way short of catastrophic collapse to "solve" the gov'ts balance sheet. Allow rampant inflation, but manipulate the indexes to alter pension and COL adjustments to the public sector (and private pensions as well really). Your balance sheet picks up the margin.

    Bad for the middle/lower classes that see their purchasing power eat shit, but let's be honest, they are also the voters that created the mess in the first palce.

    Those attached to inflation or those with assets see their boats rise with the tide.

    As always: don't be poor.

  2. #62
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    There is a difference between inflation caused by demand and inflation caused by printing money.

    We are experiencing the latter. You presume the former.

    Any asset that relies on leverage will experience a drop in value.

  3. #63
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    a true baller would just pay it off with their HELOC

  4. #64
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    You guys have mortgages? What are you, students or something?
    I like neat cars.

  5. #65
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    Quote Originally Posted by 90_Shelby View Post
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    You guys have mortgages? What are you, students or something?

  6. #66
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    Quote Originally Posted by 89coupe View Post
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    7.2 Baby!!!!
    I like neat cars.

  7. #67
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    I thought 7.2 didn’t include any RE value?

    Plus, you ain’t getting to 7.2 by piling equity in RE lol
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  8. #68
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    Quote Originally Posted by suntan View Post
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    There is a difference between inflation caused by demand and inflation caused by printing money.

    We are experiencing the latter. You presume the former.

    Any asset that relies on leverage will experience a drop in value.
    The latter is causing the former... Printing money and increasing monetary supply causes an increase in demand as that money needs somewhere to go.

    Cash bad. Assets of any kind - even Calgary RE - good.

  9. #69
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    Quote Originally Posted by nzwasp View Post
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    When I say thats all i have left I mean I have 350k left. But in the last 5 years I paid off 200k in a low oil price environment.
    Damn. Mine is at $107K.

  10. #70
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    Quote Originally Posted by killramos View Post
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    I thought 7.2 didn’t include any RE value?

    Plus, you ain’t getting to 7.2 by piling equity in RE lol
    LOL

    Thanks.......

    Your insight on my finances is very much appreciated.
    I like neat cars.

  11. #71
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    Quote Originally Posted by 90_Shelby View Post
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    LOL

    Thanks.......

    Your insight on my finances is very much appreciated.
    Just for you. The advise is free.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  12. #72
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    Quote Originally Posted by 90_Shelby View Post
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    You guys have mortgages? What are you, students or something?

  13. #73
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    Quote Originally Posted by 90_Shelby View Post
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    You guys have mortgages? What are you, students or something?
    Cot damn simul-flex and burn.

  14. #74
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    Quote Originally Posted by Buster View Post
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    "where we're going, we don't need roads"
    They just left Jennifer there on the porch.
    "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."

    -H.P. Lovecraft

  15. #75
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    Quote Originally Posted by killramos View Post
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    There you have it. nzwasps wife says fixed.

    That’s all anyone should need to know.
    I love the meaning behind this.

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