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03-13-2023, 12:50 PM #2731
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03-13-2023, 01:04 PM #2732
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03-13-2023, 01:31 PM #2733
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03-13-2023, 01:34 PM #2734
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,423
- Rep Power: 242268
It shouldn't be, every mortgage coming up for renewal this year and beyond would have been stress-tested at rates much higher than what was actually available -- the BoC knew what was coming.
Our borrowing power has effectively been throttled since 2018, only getting approved for the amount passing through the stress test rather than 1.xx%
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03-13-2023, 01:54 PM #2735
This is in regard to Idaho, we are the largest mortgage lender in the state. Idaho has also had the most overvalued housing prices on the nation, back to back years. This entire states housing market is going to collapse
https://amp.idahostatesman.com/news/...262478187.html▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬
Bayern Munchen Crew
German-Hungarian Crew
AZ Sports Crew
Idaho Brah
TRUMP 2016
Finance Crew
▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬
"Over 90% of muscle gain is stretching" - ReppinRyan & AnimalAdam
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03-13-2023, 02:35 PM #2736
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03-13-2023, 02:49 PM #2737
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,423
- Rep Power: 242268
In Canada you've needed to qualify for a mortgage by passing through a stress test at high 4% or 5%+ even if the actual rate you're getting is <2%, lowest stress test rate to date has been 4.79% and that was when the 5-year fixed rate was as low as 1.39%
HELOCs have long seemed like the biggest risk as house values have blown up, especially in the hot speculative markets, making people more inclined to take out loans against those gains
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03-13-2023, 03:32 PM #2738
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03-13-2023, 05:04 PM #2739
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03-13-2023, 05:15 PM #2740
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03-13-2023, 05:42 PM #2741
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03-13-2023, 05:52 PM #2742
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03-13-2023, 05:55 PM #2743
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03-13-2023, 06:06 PM #2744
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03-13-2023, 06:23 PM #2745
- Join Date: Dec 2007
- Location: Littleton, Colorado, United States
- Age: 56
- Posts: 26,104
- Rep Power: 250323
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03-13-2023, 07:51 PM #2746
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03-13-2023, 08:37 PM #2747
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03-13-2023, 09:56 PM #2748
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03-14-2023, 04:49 AM #2749
- Join Date: Sep 2007
- Location: Rhode Island, United States
- Posts: 10,018
- Rep Power: 33287
people at the office were freaken out yesterday - specially the older ones that are looking at retiring in the next few years. The stock lost a ton of value so their RSU/Stocks and 401k are ugly af
Biden front run the market telling people about CPI numbers - I bought spy calls yesterday so let see how it plays out"Paper money is going away" - EM
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03-14-2023, 06:44 AM #2750
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03-14-2023, 06:46 AM #2751
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03-14-2023, 07:04 AM #2752
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 39
- Posts: 26,423
- Rep Power: 242268
Inflation Reduction Act doing its job to bring real new manufacturing investment back to our shores: Volkswagen building its first-ever North American battery plant in Ontario. To qualify for both manufacturing credits and the $7500 consumer credit on EVs, batteries need to be manufactured in North America and components + critical battery minerals need to come from North America or countries the US has Free Trade agreements with.
It'll be interesting to see what Europe does in response to the IRA, because right now this is pulling capital towards us. And next up will be Hyundai/Kia/Genesis group in South Korea.
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03-14-2023, 07:21 AM #2753
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03-14-2023, 07:24 AM #2754
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03-14-2023, 10:25 AM #2755
Meta announces 10k in layoffs and Zuck says there will likely be more due to economy.
BRB up 7% on the day▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬
Bayern Munchen Crew
German-Hungarian Crew
AZ Sports Crew
Idaho Brah
TRUMP 2016
Finance Crew
▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬
"Over 90% of muscle gain is stretching" - ReppinRyan & AnimalAdam
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03-14-2023, 12:24 PM #2756
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03-14-2023, 02:22 PM #2757
I mean I’ve got 2 jobs too, but one is strictly being “on call” 7pm-7am and the other is a daytime operation. Honestly if I thought I could swing it I’d have 2 daytime jobs but honestly I put in enough effort I don’t think I could get everything done for 2 jobs plus daytime I gotta be available all the time basically 9-9 for my staff to reach me. Honestly if there was another health system and they offered me a similar overnight gig I’d consider it. Although that would mean I probably couldn’t ever just have a drink LOL
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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03-15-2023, 04:58 AM #2758
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03-15-2023, 05:04 AM #2759
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03-15-2023, 05:49 AM #2760
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