Okay, this is it. Metaphors involving nails and coffins, straws and camel’s backs, come to mind. At the very least, a shot across the bow of the SS Vancouver RE. After the message has been semaphored for weeks, Captain Flaherty will announce tomorrow how he will somehow restrict mortgages without scuttling the fleet. Flagship Vancouver Sun, the local RE regatta organizer, made a wishful flub in breaking this news. Take it up with your therapist, VancSun! Spot the slip in the article below. [or run your mouse over the article for the answer] -vreaa
Federal Government Set To Restrict Mortgages, Canwest News Services, 15 Feb 2010 7:02 pm
Reducing minimum downpayment! Got it!
Maybe they can set it to 0!!!
And then return the 40 year amort,
And then induce an 8000 first home buyer credit.
And a mortgage moratorium.
And a homeowner bailout program.
And cash for clunkers.
Are we there yet?
I spotted it….ha-ha! Ah, Canwest newsrags…what else are they good for besides lining the parakeet cage?