Quote:
Originally Posted by Cowboy89
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.
|
Oh, I totally understand the point about making money off the place if prices go up, I guess what I meant to say was:
There's nothing more rediculous than LETTING people sign up for a 40 year 100% mortgage.
__________________
THE SHANTZ WILL RISE AGAIN.
<-----Check the Badge bitches. You want some Awesome, you come to me!