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Carrick on money: Real estate rage in Toronto

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Real estate rage in Toronto
Against their better judgment, a blogger and her partner enter a bidding for a house in Toronto. Click here to see how it worked out.

Suck it up, savers
Here are two narratives aimed at people who are fed up with low interest rates. The first looks from the U.S. perspective at why rates must stay low, and the second tries to persuade people from getting around low rates by investing in riskier things than bonds and term deposits.

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Going l-o-o-o-ng with your mortgage
Maclean's takes a look at the low-rate 30-year mortgages Americans can get.

The precarious lives of the middle class
Read here about an HBO documentary that looks at eight middle-class families in Portland, Ore., who ran into financial problems in the recession and struggled to cover basic costs like rent and food. "…Many seemingly prosperous parents are only a few misfortunes away from dark houses and empty refrigerators," it says here.

More money
Join the 21,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter .

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