As the left-wing corporate media finally begins to admit that the economy is teetering on the edge of recession, it looks like one of the first casualties will be among investors in the housing market.
In some cases, people are turning to high-interest bridge loans to get themselves out of tough situations, according to Bruce Joseph, founding director of Trident Mortgage Investment Corp. His alternative lending firm, based in Barrie, Ontario, typically serves a niche market of high net worth business owners who can afford to pay interest rates around 7% for financing tailored to their needs. Now that borrowing costs across the board are up — the average of major banks’ five-year mortgage rates runs at 5% — some people who already bought new homes are struggling to offload their old ones. That’s when they turn to alternative lenders like Joseph.
Well if I lose the house , the economy tanks and all hell breaks loose there is a way to keep myself and loved ones fed.
https://youtube.com/watch?v=o5EKuIus-oE
A great tune to sing while shopping for groceries.
AJ had it right.
Thanks for that!
Alex jammin it..!!
https://gettr.com/post/p1f9r0te612
“The Global Debt collapse has officially launched. I have said in interviews it would begin with one country & cascade. Covid policy was used to set up control systems as this unfolds. Biden said yesterday expect another pandemic…do you see it yet? “
just not yet.
shucks why didnt he just use YT to get the message out. /sarc off
Name ONE thing Cho Xiden has gotten correct.
Exactly
Your government leveling sanctions and boycotts against you.. Crush you with covid health care.. Choke you with global warming green..
Distract you with worthless wars.. So they can get everything they ever wanted and more..
I call it the Donald Trump shopping spree..
That guy got elected and everything on the leftist bucket list got fast-tracked to now.. I wouldn’t mind be wrong on this but I’m not..
They pulled the plug on us..
?
examples?
serious respectful Q
you can’t see it, you are not looking.
Examples of what exactly.
Are ya daft or something.??
Its all a smoke screen for a controlled demolition of the entire world monetary system.
If you’re starving and cold you’re not supposed to notice.
lm unaffected.
if l sell and buy just pay less r estate agent fees.
so low is better.no pressure to sell, pension and rental i/c from constantly improving prop.
currently tenant former const worker gonna walk me thru install 2 basement windows, seal foundation, corregated steel window well flush to sidewalk then welder makes up steel grill. etc. scaREW bldg permit. cost more than the project, already scrounged window and a buddy gave me the well. labour is mine.
he gonna direct the project. l got good tenants.
oh, and he shares his weed.
Leverage can move objects far beyond your strength to handle … but the lever can rebound and break your face. Careful when applying the force.
BTW … following my 16.5% Jimmy Carter mortgage … I used a series of 5-1 ARM’s to manage cash flow … always refinancing before the increased rate kicked in.
Yeah … I am addicted to cheap money.
Too bad F-Brandon Biden cheapened our money to the Zimbabwean values. Soon … gas stations will be doing credit checks before unlocking the pumps …
a deceased man of God acquaintance perked up when l described world economy like a staggeringly enormous ponzi scheme. the commodity being debt. he got the drift. what say ye SDA?
This is a strange sentence (from the link above).
“His alternative lending firm, based in Barrie, Ontario, typically serves a niche market of high net worth business owners who can afford to pay interest rates around 7% for financing tailored to their needs.”
Why would high net worth business owners have to pay higher interest rates? My bank is dying to lend to me and they can stuff it at 7%.
I’m thinking low net worth business owners or highly leveraged owners who have been turned away at the banks. But not high worth business owners. They don’t need that kind of money.
The article is a month old!
Always sell first, then buy. As for the housing market and the upcoming recession… It’ll be deep and long. I’m sure these idiots will reach for the same old “stimulus” which caused the issue in the first place though. Go long on corrupt greentard energy schemes and useless pork projects.
Examples of what exactly.
Are ya daft or something.??