Quote:
Originally Posted by Liquid_o2
With all those questions, I would highly recommend using a mortgage broker to answer them. A bank will of course answer them in a way that is beneficial to them and them only.
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Going back a few pages, what makes you thunk a broker dont take care of their own interests first? I say do your due diligence and explore all options. It's your money, there are no easy ways out
Quote:
Originally Posted by westopher
A lot of homeowners in Vancouver really accomplished nothing more than being born into the right generation, when homes were a couple years wage instead of 20.
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I get what you're saying, but its easy to take for granted the cheap money we've enjoyed for 10+ years now. Not that long ago, mortgage rates were 10+%, even nearing 20%. Those numbers really mess around with affordability too, saying a house used to cost 4x an average annual salary is really not fair.
Many of our parents toughed it out during those times for our betterment, and made it work. So now its up to us to tough it out as well and find a way to make it work for our kids -- and im not advocating about complaining for gov intervention. Things are never easy, nor have they ever been easy.