Thursday, July 10, 2008

Who knew that the real housing bubble was in BFE Canada

I wish I could find the other parts of this that were aired on CNN.

Long story short, in Alberta Canada they are paying high school dropouts 100-120 grand a year to work in the oil sands. There is so much inflation in the economy and such a shortage of workers that they are paying fast food workers 13.50 an hour.

The price for a single family home, in the middle of the wilderness, is 1,000,000 dollars and the price for a trailer park home is 250,000... And you thought California was bad :)

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