[Hakkaboy]

Originally Posted by Traum

Adding to this discussion, there is a small but significant chance in how the court's decision is affecting private properties. Details of the example is described in the following news clip, starting at the 1:06 mark:

https://www.youtube.com/watch?v=-dc_RbmJw5s

TL;DL summary

- Bcos of the land title ambiguity, banks, being the dicks that they are, are no longer offering mortgages to the properties on the area involved. So for anyone who is finding themselves in that situation, they are completely fxxked, with how fxxked they are being directly tied to the size or need of the mortgage. And since the lawsuit will drag on for years -- this one by the Cowichan FN went on for 10+ years, I believe -- the impact will be felt for a lonnnnnng time unless the province or the federal gov steps in to backstop the mortgages.

So in theory, if other FN tribes pursue the same lawsuits and win, the mortgage issue will affect properties on those lands as well. But it is premature to talk about that bcos if there are any hints of this mortgage problem turning into a contagion, I don't see how the provincial or federal gov wouldn't step in to stabilize things.

Oh no, people won't be able to get mortgages for those giant mansions built in that area on agricultural land?