Quote:
Originally Posted by Geraldsh
Global news had an bit on the housing / interest rate conundrum. Their anecdote was a senior who bought her house 34 years ago and still has a mortgage on which she can no longer afford the monthly payments due to recent interest hikes. Thirty-four years! And the problem is this month?
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Here is the (incomplete) story none of us can make sense of. She would've originally purchased this house with a rate in the 10% range in 1986. And she wants ANOTHER 30 year mortgage.
https://calgary.ctvnews.ca/calgary-s...ewal-1.6198559
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Last edited by Derek Sutton; 12-19-2022 at 09:46 AM.
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