jesterdog
Texas
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Joined: 05/04/2007
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Funny little article about Canada's economic state:
story here
2001 Excursion 3.73 geared V-10
2006 Coachmen Spirit of America 24TBQ
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garyhaupt
Kitimat, BC, Canada, Mile '0' of Alaska HiWay #37
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Joined: 11/21/2003
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I couldn't begin to tell you, if in fact, we are that much better off, except to note that our banking laws and regs are much different than in the US. We are very highly regulated, some would say overly so, however, in this case it might have exempted us from much of the pain. The sub-prime crisis comes to mind.
Gary Haupt
* This post was
edited 10/09/08 11:22pm by an administrator/moderator *
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Sea Dog
Ontario Can.
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Joined: 04/15/2001
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One reason, I believe is that Canadians are not so into keeping up with the Jones.
Paying down the motgage is job number one for most Canadians, few will pull their equity to buy a quarter million dollar RV that they cannot afford.
I know most here cannot believe it, but, the average Canadian is content with his lot in life and has no desire to be anywhere or anyone else.
Life is short,Death is long,
Take a vacation.
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MAJESTYPOINTERS
MONROE, MI.
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Joined: 04/08/2008
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Of corse Canada don't have a problem....
They sent Mike Moore to the US.....JMO.....Now my post will be deleated.
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FormerBiker
Wildomar, Riverside County, CA 25OR624
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Sea Dog wrote:I know most here cannot believe it, but, the average Canadian is content with his lot in life and has no desire to be anywhere or anyone else.
Hehehe Except in the winter when they are down here in So Cal. LOL
Lady Vixen and the Rat
2006 Arctic Fox 29-5T (Lady Vixen)
2002 K3500 w/8.1 "It's a gasser!"(The Rat)
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trails2004
Wyoming
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Joined: 07/19/2007
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MAJESTYPOINTERS wrote:Of corse Canada don't have a problem....
They sent Mike Moore to the US.....JMO.....Now my post will be deleated.
I knew it--THIS SMACKS CONSPIRACY  BTW they can have him back
2002 Dodge Ram 2500 SLT 4x4-AFE Cold Air,4"Exhaust,Toyos,Ranchos,Dual Air III- Firestones 2004 Hallmark Cuchara XL 9.5 w/Carbon Fiber Roof, WFCO 9845,Xantrex XBM,Honda 2000,1997 Grumman GV19TC- Crew Wifey,(Odin,Bridger & Sam,Wirehairs)
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robatthelake
Vancouver Island
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Joined: 08/24/2003
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Another Big reason that We are not hurting quite so bad is that We are encouraged to Pay Off our Mortgages as quickly as possible and Not to re-Mortgage!
There is No Taxable benefit here regards to Interest. In other words We only see a benefit by way of a Capitol Gain Exemption!
EG Only!
Our Permanent home cost $150,000 in 1989. The Mortgage has been paid Off since 2007. The Value and probable Selling Price as of July 2008 is $900,000. So although We have paid Interest and Taxes all along when We Sell We will have a Capital Gain of $750,000 . This Gain is Exempt from Tax!
If we had purchased additional properties for Rental ,Recreation Etc We would have to Pay a Tax on Any capital gain that was made on those properties! However in the case of Rental Property we would have had some Tax relief on Expenses!
Also it is much Harder to Borrow Money in Canada! Our Bankers are so tight that they squeak!
Rob & Jean 90 Southwind John Deere/Oshkosh/Freightliner Class A Ford 460/ Toad 92 Tracker 2 wd 5sp Convert Still running Great!
" Everything in it"Still" Works"
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MAJESTYPOINTERS
MONROE, MI.
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Joined: 04/08/2008
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trails2004 wrote:MAJESTYPOINTERS wrote:Of corse Canada don't have a problem....
They sent Mike Moore to the US.....JMO.....Now my post will be deleated.
I knew it--THIS SMACKS CONSPIRACY BTW they can have him back
CONSPIRACY!!!!
Thats it.....Ever see the movie "Canadaian Bacon"...
Boy we could realy use a guy like "Bud Boomer" about now.
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Jacksons
columbus,ohio
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Joined: 11/16/2004
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because we buy more oil from them than anyone else?????
2002 Rockwood 8272s
1999 suburban 5.7 k1500
The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
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Fizz
Ottawa, Canada
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Joined: 07/28/2003
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Canadian banks the soundest in the world: report
The top 10 soundest banking countries are as follows:
Canada (6.8)
Sweden (6.7)
Luxembourg (6.7)
Australia (6.7)
Denmark (6.7)
Netherlands (6.7)
Belgium (6.6)
New Zealand (6.6)
Ireland (6.6)
Malta (6.6)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Where we spend our summer months ...Cottage
Trailer pics: Trail Bay 27DS
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