I was getting overly concerned about the sale of our daughters house and it could have been a disaster. I see a lot of changes in the economy over the last 3 months and feel there is definitely a down turn in the housing market coming. The oil crisis is a huge set back for Canada I believe. And the ripple effect will impact everything I think. In Alberta people are walking away from there mortgages and homes . Oil was over 130-150 a barrel and now it is expected to go as low as 20 a barrel. For many years Alberta was paying transfer payments to sustain the have not provinces. Where will the money come from now ?? Also the dollar is is worth less too we might go as low as a 60 cent dollar when compared to the US dollar. The bubble is about to burst I think. All the more reason not to gamble i feel. i very the urgency to pay off as much of our depth as possible now. so full steam ahead. Hard work but necessary. i am very grateful that my daughter and her husband have secure jobs at least and should be ok. Thanks be to God FG.
