This government is beginning to greatly displease me.
raydan
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Posts: 35270
Posted: Wed Mar 20, 2013 5:08 pm
The problem isn't lower rates, the problem is lending money to people who don't qualify for a loan.
OnTheIce
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Posts: 10666
Posted: Wed Mar 20, 2013 5:13 pm
He has zero business meddling in this. Bad call.
raydan
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Posts: 35270
Posted: Wed Mar 20, 2013 5:16 pm
I don't like this, as much as I didn't like Government incentives for home ownership.
saturn_656
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Posts: 7684
Posted: Wed Mar 20, 2013 5:40 pm
I don't much care for governments that negatively impact my bottom line (one of the big reasons why I loathed McGuinty, he hit my bottom line in multiple strikes). My mortgage is up for renewal shortly.
Benn
Forum Super Elite
Posts: 2372
Posted: Wed Mar 20, 2013 6:11 pm
raydan raydan:
The problem isn't lower rates, the problem is lending money to people who don't qualify for a loan.
Why was a lawyer ever put in charge of finance in the first place, especially a Harris retread that proved he didn't know his ass from a hole in the ground when he had the provincial portfolio? You get what you pay for.
Zipperfish
CKA Uber
Posts: 21665
Posted: Wed Mar 20, 2013 9:23 pm
Hey, they got Peter "Anchorman" Kent in Environment. "What's a science?"
martin14
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Posts: 33691
Posted: Wed Mar 20, 2013 11:16 pm
Well, he is right from the point of view of the dangers if interest rates start heading up again.
Remember the 80's ?
I'm guessing a lot of Canadians don't.
But he should tighten the rules for mortgages, not asking banks to change the rates.
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