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Old 09-12-2016, 08:02 PM   #8278
Jmac
Willing to sell body for a few minutes on RS
 
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Join Date: Aug 2004
Location: Duncan, BC
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Quote:
Originally Posted by donk. View Post
Government should make your mortgage allowance, a max of 3 times your annual pay with a 20% down requirement.

No retarded debt for 25 years paying 300K on a 350K townhouse.

No bailing out all those poor bastards, that only own 10% of their home when shit hits the fan.

Theres a reason why mortgage means death pledge in latin.
So ... Basically no one except the ultra-rich can buy a house?

How many regular people are making $117k/year and have $70k sitting in a bank account to put down on a $350k townhouse?
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