Quote:
Originally Posted by Bring_Back_Shantz
These are probably good moves.
I really think there aren't many things more rediculous than signing up for a 40 year 100% mortgage.
|
It can be a risk reward thing. Ie if you bought with those terms and the house price appreciated significantly, you'd be much better off than had you been renting. The government is trading some economic upside for stabily here. It's a little late though as there already exists a bubble fueled by buyers who bought their houses on a zero down, 40 year basis, especially in Calgary.