Chicago Fanatics Message Board :: View topic - Canada's Coming Credit Crunch

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.

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

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 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.

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.

SuperMario wrote:

It's all The Property Brothers' fault.

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

It's all The Property Brothers' fault.

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

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.

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.

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.

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

Author:	America [ Sun Nov 26, 2017 10:57 pm ]
Post subject:	Canada's Coming Credit Crunch
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?

Author:	Caller Bob [ Sun Nov 26, 2017 11:01 pm ]
Post subject:	Re: Canada's Coming Credit Crunch

Author:	redskingreg [ Sun Nov 26, 2017 11:37 pm ]
Post subject:	Re: Canada's Coming Credit Crunch
2nd

Author:	Curious Hair [ Sun Nov 26, 2017 11:57 pm ]
Post subject:	Re: Canada's Coming Credit Crunch
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.

Author:	Peoria Matt [ Mon Nov 27, 2017 12:01 am ]
Post subject:	Re: Canada's Coming Credit Crunch
redskingreg wrote: 2nd I thought the same thing. What a train wreck.

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Canada's Coming Credit Crunch https://mail.chicagofanatics.com/viewtopic.php?f=47&t=109688	Page 1 of 1

Author:	Brick [ Mon Nov 27, 2017 6:45 am ]
Post subject:	Re: Canada's Coming Credit Crunch
How can they have more household debt with single payer healthcare?

Author:	Kirkwood [ Mon Nov 27, 2017 8:11 am ]
Post subject:	Re: Canada's Coming Credit Crunch
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.

Author:	America [ Mon Nov 27, 2017 10:52 am ]
Post subject:	Re: Canada's Coming Credit Crunch
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.

Author:	SuperMario [ Mon Nov 27, 2017 11:36 am ]
Post subject:	Re: Canada's Coming Credit Crunch
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.

Author:	ToxicMasculinity [ Mon Nov 27, 2017 11:41 am ]
Post subject:	Re: Canada's Coming Credit Crunch
Pulte needs to build some quality affordable housing for these Canadians.

Author:	Curious Hair [ Mon Nov 27, 2017 11:43 am ]
Post subject:	Re: Canada's Coming Credit Crunch
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.

Author:	Kirkwood [ Mon Nov 27, 2017 11:44 am ]
Post subject:	Re: Canada's Coming Credit Crunch
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

Author:	City of Fools [ Mon Nov 27, 2017 12:11 pm ]
Post subject:	Re: Canada's Coming Credit Crunch
I stayed in a Pulte home down in Florida recently. Man, did that house creak up the stairs and upstairs. It was unsettling.

Author:	Jaw Breaker [ Mon Nov 27, 2017 12:21 pm ]
Post subject:	Re: Canada's Coming Credit Crunch
SuperMario wrote: It's all The Property Brothers' fault. I blame Mike Holmes.

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Author:	KDdidit [ Mon Nov 27, 2017 12:31 pm ]
Post subject:	Re: Canada's Coming Credit Crunch
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.

Author:	Brick [ Mon Nov 27, 2017 12:32 pm ]
Post subject:	Re: Canada's Coming Credit Crunch
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.

Author:	SuperMario [ Mon Nov 27, 2017 1:40 pm ]
Post subject:	Re: Canada's Coming Credit Crunch
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 And yeah, Toronto is bad, too. Much like the South Loop, it seems like they can't stop building highrise condos. 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.

Author:	Juiced [ Mon Nov 27, 2017 1:40 pm ]
Post subject:	Re: Canada's Coming Credit Crunch
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!