Quotes of the Day

Because I am not a fan of reverse mortgages, I'm going to suggest you investigate other options before you take this step. If you think you need to use the equity in your home to provide an income, do the math on selling your home and either downsizing or renting so that you free up some of your capital. If you are determined to use a reverse mortgage, make sure you understand the covenants, or legal promises, you are making. Are you promising to keep the property in good repair? What'll happen if you don't? And how will the lender monitor the condition of your property? [2013] - Gail Vaz-Oxlade

Typical rent to won tenants are folks who are new to Canada and haven't established credit; or they are going through a divorce and their assets are tied up; or they've beaten up their credit because of a health reason; or they haven't saved enough for a full down payment to qualify for financing; or just one setback has kicked their credit down to a point where the banks aren't interested. You need to review their debt load to make sure a bank is likely to work with them in the future; and you need to review their plan to correct whatever issue they have - to make sure they know what steps they have to take to qualify for future financing. [2013] - Julie Broad

Homes located within 800 meters of public transit stations will appreciate 12-15% more quickly than their market peers. Conversely, values decline more slowly if markets drop. [2013] - Don R. Campbell

Buy when the close is above the 50-period average and the 10-period average is above both the 35- and the 50-period averages. If the close is above the 50-period average but the 10-period average is below the 35-period average exit longs but do not go short. Sell when the close is below the 50-period average and the 10-period average is below both the 35- and the 50-period averages. If the close is below the 50-period average but the 10-period average is above the 35-period average, exit shorts but do not go long. This type of system works great in trending markets but not as well in sideways, choppy markets. [2003] - Marcel Link

We allow lean beef twice a month, but still prohibit fatty beef, lamb, and bacon. [2015] - Jamie Koufman