Monday, October 4, 2010

How far can you extend the bubble

NDP Bill would ensure fairness for homebuyers

I especially like the Orwellian article title. Any means of dumping more money into an elevated market is good, right? Cash out your retirement to buy an overpriced illiquid asset. Come on, it's what all the cool kids are doing, no? The limit is already $50K per married couple, raised in 2009 from $40k. That was bad enough timing.

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