[Newsbot]

Title: Finance crisis hits home
Category: Business
Posted By: WDHIII
Date: 2008-10-13 10:34:28
Canadian

[tritium]

"A year ago, their realtor figures the couple could've fetched up to $429,000 for the three-year-old home.

Today, it's listed at $399,500."

Wake me up when it's back down to $159,000 - what it should be.

[Toro]

Yup.

Home prices are coming down in a big way.

[westmanguy]

I didn't realize how personal it was until my dad got home from overseas today and checked our investments.

My RESP is down 21%, and my parents mutual funds are down 20%.

I've probably lost around $5,000 from my education fund in the last month.

[Reverend Blair]

You say that like it doesn't matter, Toro. What about all of the people who bought a home only to see its value plummet. What about those who lost a good chunk of their retirement savings?

The predictable thing about you money guys is that you really don't give a shit about the average person. Instead you go looking for corporate welfare.

[dino_bobba_renno]

westmanguy westmanguy:

I didn't realize how personal it was until my dad got home from overseas today and checked our investments.

My RESP is down 21%, and my parents mutual funds are down 20%.

I've probably lost around $5,000 from my education fund in the last month.

How long until you're ready for post secondary?

[Apollo]

Markets were up 11% today pretty much world wide.

If Canadians listened to Harper last week, they would be up quite a bit right now.

Layton claims that investing in the stock market is gambling. Is this the guy we want running our country? Clueless comes to mind.

[Toro]

Reverend Blair Reverend Blair:

You say that like it doesn't matter, Toro. What about all of the people who bought a home only to see its value plummet. What about those who lost a good chunk of their retirement savings?

The predictable thing about you money guys is that you really don't give a shit about the average person. Instead you go looking for corporate welfare.

What, no suggestions of suicide Blair?

[Reverend Blair]

Apparently I'm supposed to remind you of your lack of honour and responsibility, Toro.

[Toro]

Reverend Blair Reverend Blair:

Apparently I'm supposed to remind you of your lack of honour and responsibility, Toro.

Well, that's nice.

[ziggy]

I dont see a warning thing under Toro's avatar,I must have missed something last night.

Someone fill me in ok?

[stokes]

Reverend Blair Reverend Blair:

You say that like it doesn't matter, Toro. What about all of the people who bought a home only to see its value plummet. What about those who lost a good chunk of their retirement savings?

The predictable thing about you money guys is that you really don't give a shit about the average person. Instead you go looking for corporate welfare.

Corporate welfare...please that is ridiculous.....again you paint PM Harper with the same brush as GW Bush.

The value of homes will always fluctuate and 30,000 over a year isnt bad, ask somein FLorida how much they lost when the market collapsed.

Here another question for you, did your Liberals step in and assist those who lost a tonne of money in all those dotcom collapses...no they didnt but you are only interested in nailing the CPC's with any peice of bullshit you can find.

[Reverend Blair]

I don't have any Liberals, Stokes.

The reality is that a lot of people have lost a lot of money because of the very policies that Toro espouses. Now he's supporting corporate welfare because the banks might loose a few bucks after years of record profits.

The Conservatives are doing what conservatives always do...privatizing the profits and socializing corporate losses.

[Toro]

Stokes, don't pay much attention to what Blair says. He's wrong often, just like he is with the post above.

[Reverend Blair]

Well Toro, we're in a world-wide economic crisis because of policies and politicians you support. Nice going.