Hi Rahul : I read your ....no.....I saw your many many posts on real estate. I am just curious to know what is your professional background ? Pl feel free not to respond....

Also I understand that people can have an opinion on real estate that this is not the time to buy....but the way you are insisting on it post after post and with so much aggressiveness.....is something unique.

I am my wife are IT manager and we both are in tech. We have one kid. We lived 8 years in USA before moving to Canada so we are here in Canada from last 2 years. I am a future home buyer too.

I never owned any RE in Canada but I sold my home with little profit in USA before moving to Canada. The family who bought our home in USA is still our good friend and they are doing good. I made sure that family has 20% down payment and good earning ( not want to be a reason a family loose everything).

There are lot of smart people on this site like amit kalia, BlueLobster, Desi in Alberta, dudewheresmycar, Krazzyfour, Rajeev Narula and others. I learned a lot here. We talk about Economy, housing, stock market, investment and other good advices on this site.

I do not support liberal, democratic, republican or conservative. I like Ron Paul financial views and support good common sense which is very uncommon these days.


I am not against buying home but I personally feel owning home is not a right but a privilege and it comes with greater family, home and community responsibility. I get upset/aggressive when I see how families get drowned by this phony RE economy. Our experts (banks/wall Street/CHMC/NAR/Remax/RE agents/govt.) want to tell the people what they want to listen not what they need to listen. We never try to educate people but try to brainwash in our self interest.

Most of the people are living paycheck to paycheck to feed house. They don't have spare money for rainy days, car maintenance, sending kids to private school or colleges, RESP, RRSP, healthcare, vacation, sports. You can live like that for 4-5 years but living like that way 30-40 years is a crime (some can say option). Young couples who are married for 40 days putting themselves into 40 years mortgage without experiencing that housing is part of your mix investment but not everything. 40 years means, we will be 70’s when our mortgage will get finish. I think people are equally responsible for their bad and good decision.

Today I was watching Roland Martin (on CNN) and there is a lady who lost her home and living in a car. A couple tried all the option but ready to loose their North Carolina home. There is Sunday CBC (Sept 21) report that how's our housing getting trap into US Wall Street and mess.

1. Do we ever think about the people or families who got hurt by our action or deliberately modified advice?

2. Do we ever think that what kind of communities are we creating when 50% houses have sale board?

3. Action speaks louder than mouth. Are we creating good character in our next generation? It's easy to make kid a science or math smart but creating a good character in a human being is most difficult thing.

4. Why financial responsible people are getting punished (bailed out) by bad decision of irresponsible people or their expert adviser?

I apologize if someone get hurt.

Quote:

---

Originally posted by rahul_singh23

Our experts (banks/wall Street/CHMC/NAR/Remax/RE agents/govt.) want to tell the people what they want to listen not what they need to listen. We never try to educate people but try to brainwash in our self interest.

---

Rahul,

I've always admired your honesty in reporting the truth in the greater good of the society. I am very humbled that you've included me in the 'smart' people of this site - I don't think I deserve that title.

I don't want to see my neighbour struggle with mortgage payments and have trouble putting food on the table for the children...

Sincerely,

DIA