Quote:
Originally Posted by Izzle
With specific regards to this, folks shouldn't have gone for the cheapest rate or the most expensive house that the rates could sustain at that time. Not having any sort of buffer is their fault.
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I mean, the governor of the Bank of Canada went on TV and said Canadians should spend money because he'd keep rates low for years.
A reasonable person could have used that information to make decisions around variable vs fixed, etc. He should have known better since he was actively participating in causing inflation.
The people who think the system is out to get them, stuff like that is what causes it. A powerful government figure lied to Canadians ina way that probably really hurt some people.