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Canada's Coming Credit Crunch

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America

Post subject: Canada's Coming Credit Crunch

Posted: Sun Nov 26, 2017 10:57 pm

Joined: Mon Aug 25, 2014 10:32 pm
Posts: 13865
Location: France
pizza_Place: Baranabyis

https://www.cnbc.com/2017/11/24/canadas ... -says.html

Quote:

The group found Canada's household debt-to-GDP (gross domestic product) ratio had ballooned to 101 percent — significantly higher than any other nation studied.

In comparison, the ratio for South Korea was the next highest at slightly under 93 percent, with the U.K. third at over 88 percent. In the U.S., the household debt-to-GDP ratio was around 80 percent, while Germany and France had a ratio below 60 percent.

1. Do we invade
2. When we invade, do we take the Grey Cup?

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Caller Bob

Post subject: Re: Canada's Coming Credit Crunch

Posted: Sun Nov 26, 2017 11:01 pm

Joined: Mon Feb 16, 2015 1:15 pm
Posts: 41485
Location: Small Fringe Minority
pizza_Place: John's

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redskingreg

Post subject: Re: Canada's Coming Credit Crunch

Posted: Sun Nov 26, 2017 11:37 pm

Joined: Thu Aug 21, 2008 12:13 pm
Posts: 15062
pizza_Place: Four hours away....and on fire :-(

2nd

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-- source

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Curious Hair

Post subject: Re: Canada's Coming Credit Crunch

Posted: Sun Nov 26, 2017 11:57 pm

Joined: Thu Nov 16, 2006 6:29 pm
Posts: 56737
pizza_Place: Lou Malnati's

I don't know whether our military deposing Prime Minister Cute Socks will alleviate this impending crisis, but I think we should do it anyway.

Quote:

However, for Canada — and some countries in Scandinavia — this has not been the case, with OECD pinning the blame on inflated house prices.

Looking at DIRECTLY AT YOU, Vancouver.

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Molly Lambert wrote:

The future holds the possibility to be great or terrible, and since it has not yet occurred it remains simultaneously both.

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Peoria Matt

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 12:01 am

Joined: Sat Apr 30, 2005 4:54 am
Posts: 22704
pizza_Place: A few...

redskingreg wrote:

2nd

I thought the same thing. What a train wreck.

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Brick

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 6:45 am

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 93620
Location: To the left of my post

How can they have more household debt with single payer healthcare?

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

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Kirkwood

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 8:11 am

Joined: Wed Jun 06, 2012 7:43 pm
Posts: 20537
pizza_Place: Joes Pizza

Curious Hair wrote:

I don't know whether our military deposing Prime Minister Cute Socks will alleviate this impending crisis, but I think we should do it anyway.

Quote:

However, for Canada — and some countries in Scandinavia — this has not been the case, with OECD pinning the blame on inflated house prices.

Looking at DIRECTLY AT YOU, Vancouver.

Toronto is just as bad. Maybe getting even worse.

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America

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 10:52 am

Joined: Mon Aug 25, 2014 10:32 pm
Posts: 13865
Location: France
pizza_Place: Baranabyis

Curious Hair wrote:

I don't know whether our military deposing Prime Minister Cute Socks will alleviate this impending crisis, but I think we should do it anyway.

Quote:

However, for Canada — and some countries in Scandinavia — this has not been the case, with OECD pinning the blame on inflated house prices.

Looking at DIRECTLY AT YOU, Vancouver.

I just want to see the look on that little shit's face when he actually has to deal with something.

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SuperMario

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 11:36 am

Joined: Mon Sep 18, 2017 11:30 am
Posts: 1497
pizza_Place: Bianchis

Kirkwood wrote:

Curious Hair wrote:

I don't know whether our military deposing Prime Minister Cute Socks will alleviate this impending crisis, but I think we should do it anyway.

Quote:

However, for Canada — and some countries in Scandinavia — this has not been the case, with OECD pinning the blame on inflated house prices.

Looking at DIRECTLY AT YOU, Vancouver.

Toronto is just as bad. Maybe getting even worse.

It's all The Property Brothers' fault.

_________________

Curious Hair wrote:

Ah, Lemonparty, the 8th sacrament.

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ToxicMasculinity

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 11:41 am

Joined: Tue Aug 30, 2016 9:50 pm
Posts: 6721
pizza_Place: Parts Unknown

Pulte needs to build some quality affordable housing for these Canadians.

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Terry's Peeps wrote:

Have a terrible night and die in MANY fires.

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Curious Hair

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 11:43 am

Joined: Thu Nov 16, 2006 6:29 pm
Posts: 56737
pizza_Place: Lou Malnati's

SuperMario wrote:

It's all The Property Brothers' fault.

"I'm thinking open concept" ---> knocks out a kitchen wall --> somehow triples house value

And yeah, Toronto is bad, too. Much like the South Loop, it seems like they can't stop building highrise condos.

_________________

Molly Lambert wrote:

The future holds the possibility to be great or terrible, and since it has not yet occurred it remains simultaneously both.

Last edited by Curious Hair on Mon Nov 27, 2017 11:45 am, edited 1 time in total.

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Kirkwood

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 11:44 am

Joined: Wed Jun 06, 2012 7:43 pm
Posts: 20537
pizza_Place: Joes Pizza

Curious Hair wrote:

SuperMario wrote:

It's all The Property Brothers' fault.

"I'm thinking open concept" ---> knocks out a kitchen wall --> somehow triples house value

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City of Fools

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 12:11 pm

Joined: Thu Jun 26, 2008 8:22 am
Posts: 15198
pizza_Place: Wha Happen?

I stayed in a Pulte home down in Florida recently. Man, did that house creak up the stairs and upstairs. It was unsettling.

_________________
Ба́бушка гада́ла, да на́двое сказа́ла—то ли до́ждик, то ли снег, то ли бу́дет, то ли нет.

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Jaw Breaker

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 12:21 pm

Joined: Thu Sep 30, 2010 3:40 pm
Posts: 16729
pizza_Place: Boni Vino

SuperMario wrote:

It's all The Property Brothers' fault.

I blame Mike Holmes.

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To IkeSouth, bigfan wrote:

Are you stoned or pissed off, or both, when you create these postings?

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KDdidit

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 12:31 pm

Joined: Tue Jun 27, 2006 11:28 am
Posts: 24692
Location: Boofoo Zoo
pizza_Place: Chuck E Cheese

City of Fools wrote:

I stayed in a Pulte home down in Florida recently. Man, did that house creak up the stairs and upstairs. It was unsettling.

Nah, it was probably just settling.

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Brick

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 12:32 pm

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 93620
Location: To the left of my post

KDdidit wrote:

City of Fools wrote:

I stayed in a Pulte home down in Florida recently. Man, did that house creak up the stairs and upstairs. It was unsettling.

Nah, it was probably just settling.

The owners who bought it sure did settle.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

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ToxicMasculinity

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 12:48 pm

Joined: Tue Aug 30, 2016 9:50 pm
Posts: 6721
pizza_Place: Parts Unknown

Boilermaker Rick wrote:

KDdidit wrote:

City of Fools wrote:

I stayed in a Pulte home down in Florida recently. Man, did that house creak up the stairs and upstairs. It was unsettling.

Nah, it was probably just settling.

The owners who bought it sure did settle.

_________________

Terry's Peeps wrote:

Have a terrible night and die in MANY fires.

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SuperMario

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 1:40 pm

Joined: Mon Sep 18, 2017 11:30 am
Posts: 1497
pizza_Place: Bianchis

Curious Hair wrote:

SuperMario wrote:

It's all The Property Brothers' fault.

Haha. So right. Waiting for the open floor plan concept to eventually evolve into just one giant room with no walls other than the perimeter.

_________________

Curious Hair wrote:

Ah, Lemonparty, the 8th sacrament.

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Juiced

Post subject: Re: Canada's Coming Credit Crunch

Posted: Mon Nov 27, 2017 1:40 pm

Joined: Thu Sep 28, 2006 6:06 am
Posts: 7084

Boilermaker Rick wrote:

How can they have more household debt with single payer healthcare?

You can rack up a lot of debt over the years.

Should have spent less on Bingo and more on Fixoden.

Shame, Shame!

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The Doctor Of Style wrote:

Caleb Williams isn't really a "true" rookie because he turned 23 late into his 1st season in the NFL!"

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Canada's Coming Credit Crunch

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