Skip navigation

 Login or Register | Member Centre

Celebrity foreclosures show extent of housing woes

CHRISTY LEMIRE

The Associated Press

Latest comment posted at 5:28 PM EDT 10/07/08

Read the full article

This conversation is closed

  1. John Clark from Edmonton, Canada writes: Alberta is prime for a melt down also! Many couples bought new, upscale homes while still paying mortgages on their current home of years. This left them in a two mortgage situation when the property values froze then, started downward trends.

    There is a world of hurt coming this way.
  2. Alastair james Berry from NANAIMO BC, Canada writes:
    Somewhat sad........but the same sort of thing is happening in the UK where 'REAL ESTATES' running to the 1000's of acres have seen major 'mark downs' too.

    Canada may be a bit delayed in showing the symptoms but it appears AMERICANS are backing away from rather palatial 'SUMMER COTTAGES ' here in B.C. It can only be a matter of time before we seem the contagion affecting Vancouver's more affluent neighbourhoods............................

    BUT ALL IN ALL CANADA NEEDS FAR MORE WEALTHY PEOPLE AND FAR FEWER POOR PEOPLE IF WE ARE TO PROGRESS.

    The recent stats seem to show that Canada is falling behind in the STANDARD OF LIVING STAKES(to use Racing Parlance) that the developed countries of the world compete in.

    My dear departed mother used to say "GOD LOVES POOR PEOPLE-----------WHY ELSE WOULD HAVE PRODUCED SO MANY?"
  3. Juan da Pizza Guy from Canada writes: Why the hell would these people need a multi-million dollar home?!!!
  4. t tibbles from Calgary, Canada writes: The U.S. seems to offer good value post-correction relative to house prices here, particularly in Vancouver and Victoria. It feels like we are due for our turn.
  5. Brad Pitt from LA, United States writes: Hey thanks for the tip - with all these kids we are having, I need a bigger house.
    Hell, Ed can move in with us - we need help with the kids.
  6. JACK V from Canada writes: THATS to bad ,but are we suppost to fell sorry for the RICH when they lose their {MILLION DOLLAR HOMES } Lets feel sorry for the average JOE that loses his or her home instead.
  7. H M from Canada writes: I often wonder why these celebrity homes have so few bedrooms, and so many bathrooms!

Comments are closed

Thanks for your interest in commenting on this article, however we are no longer accepting submissions. If you would like, you may send a letter to the editor.

Report an abusive comment to our editorial staff

close

Alert us about this comment

Please let us know if this reader’s comment breaks the editor's rules and is obscene, abusive, threatening, unlawful, harassing, defamatory, profane or racially offensive by selecting the appropriate option to describe the problem.

Do not use this to complain about comments that don’t break the rules, for example those comments that you disagree with or contain spelling errors or multiple postings.

Back to top