Panicking over rising interest rates? Mortgage specialists share advice to help ease stress | CBC News

Interest rates were high in the 70s/80s, but home prices were very low, still accessible. It’s very different today with average prices at $1 million+ in many communities. Speculative borrowing is also much different then simple home ownership and should be treated differently.

Some honorable chimpanzee politicians/policy makers have invested in real estate directly or indirectly via their siblings, relatives or friends, & these honorable chimpanzees want to fix the real estate problem! What a joke!

Future has become futuristic for many people in Canada! Futuristic house, futuristic job, futuristic income, renting indefinitely! Carrying grocery bags forever! What a life! Ah, ha, ha, ha, stayin' alive, stayin' alive. Ah, ha, ha, ha, stayin' aliiiiiiiiiiiiiive!

Pump it up

Back in ancient history, 1976, we purchased our first (town)house. And we’re THRILLED to be given a mortgage at the then BARGAIN rate of 10.25%… BUT, our purchase decision was based on what was for us, AFFORDABLE, and not what we “wanted”. 😱

DefundCBC

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