"As an accountant I see lots of financial information. People who earn $40k per year shouldn’t have $700k in debt. They’ve taken out mortgages to buy principal residences, and then added a couple of rental properties for good measure."

From anonymousAA at vancouvercondo.info 9 Feb 2010 11:10 am -

“It’s tax time, and as an accountant I see a lot of financial information. I really don’t like what I’m seeing. Excuse me, but people who earn $40k per year really shouldn’t have $700k in debt (and that’s just the mortgages!) And it’s not just one or two clients, it’s quite a few. They’ve taken out these mortgages to buy principal residences, and then added a couple of rental properties for good measure. Ever get that sick, worried feeling in your stomach? Yes, this would be one of those times.”