Quote:
Originally Posted by Geraldsh
Longer mortgages should mean smaller monthly payments and that’s all some people care about. If you stretch out your house payment and your car payment you might have enough left for a boat payment.
|
Many Canadians and Americans no longer care about the price of an item to decide if they can afford it or not. They just want to know the monthly payment. If they can somehow squeeze it, they’ll do it. It’s not just a few people anymore, it’s a lot.