Continuing our consumer debt series, and today we’ll take a look at how interest rates play into things. So lets jump right in and start with interest rates and bankruptcies. Here I’ve overlayed interest rate and the national and provincial bankruptcy rates. What we can take from this graph is
Hope everyone enjoy their Thanksgiving long weekends, and filled up with turkey and complex carbohydrates. In the comments section of last weeks post on consumer debt someone referenced these stats on bankruptcies/insolvencies in Canada. I managed to find their historical bankruptcy numbers, but not the proposal and total insolvency stats (insolvencies = bankruptcies +
Those you that have been following the blog for awhile, or have browsed the archives, you may have came across my musings on a couple friends of mine (original story, and the update). Long story short, they bought a spec townhouse in mid 2006 for $200,000. Last October they decided they
Of late we seem to be hearing increasingly from people predicting runaway inflation… sometimes almost cheerleading for it. For those who bought at the height of the bubble, this may seem on the surface to be an attractive viewpoint as it could quickly erase the downturn in prices. I’m not
Some of you may recall a month ago I did an entry on why weekly and bi-weekly payments really were not as good as they were cracked up to be. Today I’m going to be my second piece in the mortgage series, this time looking at fixed rate mortgages and their mechanics.
I had been wanting to do this for while, but could never find a solid set of data regarding historical incomes in Edmonton… but late last night I finally stumbled upon a Statcan report that was my dream come true. So today I’m going to take a look at incomes,
I don’t want those that read this blog to think I’m against buying real estate… I’m all for it, I just don’t think it’s a good idea to buy now. If I had not been looking to buy last summer, I would have never dived into the numbers and ultimately started
So tomorrow is Friday the 13th… and if that doesn’t scare you, just wait until the Feds announce the latest employment numbers tomorrow. Very ouch, I’m sure. Today I’m going to take a quick look at an angle of the real estate industry that doesn’t often get much attention from
This is the first in something of an intermittent series I’m going to do on mortgages. Despite often being a persons single biggest monthly expense, all too often people really do not understand how they work. And since I also get all geeked up doing this sort of stuff… behold.