tag:blogger.com,1999:blog-5232481098066200105.post6794329334034203416..comments2024-02-21T05:09:47.829-05:00Comments on Compounding Income: New Purchase - TDCompounding Incomehttp://www.blogger.com/profile/04207986983526689578noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5232481098066200105.post-71426623652403346642012-05-09T18:53:15.218-04:002012-05-09T18:53:15.218-04:00"We could learn a thing or two from Canada.&q..."We could learn a thing or two from Canada."<br /><br />I agree 100%!Dividend Mantrahttp://www.dividendmantra.comnoreply@blogger.comtag:blogger.com,1999:blog-5232481098066200105.post-28968018750059002352012-05-09T17:00:05.360-04:002012-05-09T17:00:05.360-04:00Thanks. It appears I pulled the trigger a little ...Thanks. It appears I pulled the trigger a little too early with that purchase, but it is what it is.<br /><br />From what I've researched, Canadian mortgages are full recourse. So the home owners can't just walk away like they can here. Plus the loans typically have 20% downpayments or insurance if lower. Obviously a housing bubble is a bad thing, but in my mind Canadian banks are in a better position if that happens.<br /><br />You remember interest only loans? US banks and mortgage companies came up with ridiculous ideas to increase business. Of course it all backfired in the end.<br /><br />We could learn a thing or two from Canada.Compounding Incomehttps://www.blogger.com/profile/04207986983526689578noreply@blogger.comtag:blogger.com,1999:blog-5232481098066200105.post-12242921292264888502012-05-08T20:38:01.964-04:002012-05-08T20:38:01.964-04:00CI,
Great pickup. Our brothers to the north have ...CI,<br /><br />Great pickup. Our brothers to the north have a number of great dividend/dividend growth stocks to pick up in the banking, telecom and consumer sectors. I've looked at the banks before and the balance sheets are much cleaner than our big banks. <br /><br />That being said, I do wonder if Canada's real estate is in a bubble? I've heard it both ways but there is no denying that the real estate in Canada, especially large cities, is very expensive. From what I understand however, is that trading on mortgages and debt is much different up north which would likely lead to a much softer landing if such a crash were to happen. <br /><br />Best wishes!Dividend Mantrahttp://www.dividendmantra.comnoreply@blogger.com