Quote:
Originally Posted by PeanutButter
Just overheard two people talking about how one of them bought a house in 2019 for $1.5M and the other person saying how much of a great deal that is.
The guy who bought the house said his mortgage payment was just over $5k/ month and they're on a pretty tight budget right now.
It's just crazy to think that anyone looking for a house right now would jump on a detached in Vancouver for $1.5M, but to have a $5k mortgage payment.. And that's JUST mortgage.. Let alone expense like property tax, utilities, etc.
I was thinking about how much money our government spent during the last couple of years... We can't default on our payments, can we? I'm not even sure how that works
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5k+ mortgages are probably pretty standard these days with prices the way they are