Dave Life Adventures

Howdy friends I read this morning that the Canadian government is again starting to consider tweaking mortgage rules. http://www.canadianrealestatemagazine.ca/news/item/1384-imf-warning-rattles-flippers This is being considered in order to protect the Canadian economy from the increasing debt toll the average individual Canadian is carrying. I have agreed with most of the measures that have been implemented to secure our housing market, and  continue to agree that something must be done t o address the potential financial crisis that would be inevitable if people fail to change their spending/saving habits, I also don't believe that mortgages are where our greatest vulnerability lies. I would like to suggest that it is not secured debt that has us veering towards a cliff of economic uncertainty but rather our unsecured financing options that will finish us if we are not careful.  Currently the requirement to gain a mortgage far exceeds any requirem...

From Capitalism to Communism I am fast realizing that there is no specific economic ideology which will be completely sustainable into eternity, the root cause of which simply is human nature. Take Communism at its purest is not a bad idea, everyone contributes, everyone shares equally, all are provided for, no one is hungry, everyone has a role and we live happily ever after... a perfect world, that is until I want a nicer car than what you have, and you want a bigger house than I have, the covetous human nature kills the potential social equality. Guys like Stalin live in castles while the commoners freeze in the streets. Capitalism is based on growth, as long as everyone is buying and everyone is selling the economy continues and as long as there are new buyers and new sellers it grows, the major fault that I see though is that we as a planet are finite, there is only so much of our resources to go around. Eventually the oil, fresh water, arable land etc runs out and then w...