I have lived in Calgary all my life, and remember the early 80's. The recession was brutal, much worse than what is happening now. I remember houses dropping 30% in 6 months, and there was just no work anywhere. A lot of the houses built then were crap, in design and quality. I remember thinking that only during a boom could these houses sell.
I had an friend with a house that he paid $100,000 for, move out of it, and buy the identical model down the street for $70.000. ouch!
The Walrus HOOPP Pension Debate
Be It Resolved That Canadians Are Incapable
of Saving for Their Retirement Needs Alone
12 pm, Wednesday, May 30 at
Hart House Debate Room, Toronto
The Walrus Glenbow Debate
Calgary’s Cowboy Culture:
Living Legacy or Just History?
6:30 pm, Thursday, June 7 at
Epcor Centre: Max Bell Theatre, Calgary