Originally Posted by iaink (Post 8326921)

Maybe they expect to inheret a large chunk of money soon:sneaky:

Originally Posted by Neil52 (Post 8325681)

People leave the UK because the glass is always half empty. the media is always going on how corrupt crime ridden the UK is and people slowley get to believe it, other side is the shows and prog's that bang on about how wonderful other Countries are compared to the UK (living the dream). Person moves and finds out it is nothing like the hype and they think "Hey.....the UK was not that bad after all"

Welll thats what I think anyway.

Originally Posted by pinkkristen (Post 8327032)

tis what i think too:thumbup:

Originally Posted by brits1 (Post 8327992)

for some its the dream come true but for many others it is a nightmare and the problem is that part of the story does not make good news or t.v shows....

Originally Posted by lilybilly101 (Post 8326869)

Not sure how accurate Macleans is but I guess the whole article is warning people here not to be too complacent. Although the US is in a big mess and we have tighter rulers and regs on borrowing, according to stats Canada, debt levels were up by 7% during the recession where as elsewhere they're shrinking....apparently!

I can't get my head around how people survive here in BC. My husband makes $50 000 plus and I earn a part time wage of between 12 and 15000. We have a very small mortgage, a small line of credit and no credit card debt but we still see our debt growing. Friends have way higher mortgages, often earn less or similar and seem to ski much more than we do! I don't get it. :confused:

Originally Posted by Ciderman (Post 8329016)

Noticed the same thing myself when we were there. Neighbours with quad bikes, speed boats, RV's etc. We had a good income and were lucky not to have a mortgage and yet there's no way we could do the same without being in serious debt. I think it's a case of people living beyond their means and on their line of credit.

Originally Posted by johnh009 (Post 8326359)

The situation regarding the banks was also reported in newspapers such as the Financial Post and the Globe and Mail, not just the Liberal press, and the concerns came from the highest levels in the banks and not from the clerks at the front desk. Unemployment is high, salaries are being driven down, and household debt is increasing at an alarming rate. I know from my own experience that, although they should not, banks have taken overtime into account when issuing mortgages. I don't buy this idea of navel watching and saying that this could never happen in Canada.

Of course, Canada Mortgage and Housing say everything is fine but they are quasi government anyway.