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Tapioca · 06-15-2022, 05:04 PM

My first mortgage was a 5-year fixed at 4.99% 15 years ago. I would contest the notion that >%5 interest rates are a recent phenomenon. We have had almost a generation of low interest rates.

At the end of the day, the majority of homeowners will weather the storm and keep their homes. Detached properties are endangered in BC and their numbers will continue to decline as an overall share of all property types. If you own a detached property today, chances are that you will be fine in the long run, even if you bought at the peak.

Time will tell if the Redditors living in rent-controlled homes will take their earnings from meme stocks and crypto and become homeowners themselves at some point over the next 12-24 months.

06-15-2022, 05:04 PM	#22672
Tapioca OMGWTFBBQ is a common word I say everyday Join Date: Apr 2001 Posts: 5,208 Thanked 2,806 Times in 1,250 Posts Failed 81 Times in 54 Posts	My first mortgage was a 5-year fixed at 4.99% 15 years ago. I would contest the notion that >%5 interest rates are a recent phenomenon. We have had almost a generation of low interest rates. At the end of the day, the majority of homeowners will weather the storm and keep their homes. Detached properties are endangered in BC and their numbers will continue to decline as an overall share of all property types. If you own a detached property today, chances are that you will be fine in the long run, even if you bought at the peak. Time will tell if the Redditors living in rent-controlled homes will take their earnings from meme stocks and crypto and become homeowners themselves at some point over the next 12-24 months.