Victoria, BC real estate blog - "because we never know when interest rates will be increased to stimulate the economy" ~ VREB
Friday, August 3, 2007
H/T to Olives for the link.
Take this with a grain of salt of course. Victoria is different; we don't have adjustable rate mortgages. But if you don't think our economies are interconnected, think again. Remember this is coming from the man, Jim Cramer, who not more than a year ago was preaching that the sub-prime mortgage crisis was contained. Well, Cramer, not so much eh? View more Cramer content here.