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As I understand it you in Canada invest a sizable down payment when buying a house, like we did in the past. I am guessing you haven't had a housing bubble and don't have 9+% unemployment.
Au contraire, Mac. For years now one could get a mortgage with 0% down, although that just changed to a minimum of 5%. There's an economic downturn here too with an unemployment rate of 7.8%... not as high as you guys, but hurting nevertheless.
Thanks for setting me straight on that.
Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.
H. L. Mencken
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