The Alberta Economy

[Quagmire]

Originally Posted by mark

I'm still trying to figure out house prices and what going to happen to the people who have 30yr mortgages on $640K, 1700sqft when it all comes crashing down.

What some ppl in Calgary did during the 80's boom,was to second morgage their house,then when everything crashed they had cash.Then declared bankrupsy( that is very bad spelling sorry) and walked away from everything with money in their pockets.