Richard Silver

Archive for October, 2008

Mortgages and The United States Economy…

There is a Big Cow (not an Elephant) in the room when any discussion takes place about the US and its present credit crisis. Neither the Democrats nor the Republicans will touch this Holy Cow; Mortgage Interest Deductibility. At its conception in the early 1900's it was a great boon for a young growing economy but what it has created is a Society that has flourished on great amounts of debt. A Canadian will proudly tell you that their Mortgage is paid...Continue Reading...

Happy Canadian Thanksgiving!!

When I encounter someone not in my small circle of friends, and they ask how I am, I know that the second question will be "How's the market?" Without trying to be rude (my first instinct...), I try to point out that it is almost impossible to gauge any statistic that would reflect a world economic crisis as well as Canadian and American elections within a short time frame. Of course, the Real Estate market will be affected much as it was...Continue Reading...