Lucky 'mericans. In Canada, fixed mortgages are still renegotiated every 5 years or so, nearly every homeowner with a mortgage is getting wrecked by the interest rates.
Variable rate mortgages and loans are also available. They have not been as popular in the past few years, but when rates were lower, they were more common
Lucky 'mericans. In Canada, fixed mortgages are still renegotiated every 5 years or so, nearly every homeowner with a mortgage is getting wrecked by the interest rates.
We get wrecked by other things. Healthcare costs is my wrecking ball.
I’ve found a simple fix for this by just not getting medical care ever
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So this could actually trigger a crash if many need to sell but can’t buy.
Variable rate mortgages and loans are also available. They have not been as popular in the past few years, but when rates were lower, they were more common
You’re absolutely correct!