Quote:
Originally Posted by Claeren
So you first admit to losing what must amount to half a years average Canadian salary (or more) on your home (and how lucky you are that is was not 2-3 times that amount) and now tell someone else to just not worry about it and do whatever they feel like because how bad can it be??
Wow.
I think in some ways this is exactly why the world has such a problem with real estate, and why it is going to keep getting worse for a while to come. An entire generation that cannot quite rationalize just how much money is changing hands. I have so many friends with this same attitude that have purchased $500,000+ homes like they were candy with zero appreciation for just how much money half a million dollars is and what basic mean revision in home prices would mean to their personal financial bottom line.
Claeren.
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Well, if you want to look at it from only one side. We'll be dropping double what we lost off of our mortgage principle, so it makes sense to me.