You’ll still have a home, and presumably still be able to afford the payments. Fuck the loss, and let other people get a chance to actually have a place to live.
Yup, fuck me for working my young ass off to get a place when they’re so expensive, and continue to fuck me for another 20 years to pay for the $700,000 remaining on my mortgage because I wanted to have space for my kids.
At that point I’d be better off abandoning Canada to get rid of the debt load.
That screws the people who benefitted least, and barely touches the people who benefitted most.
You think everyone else who is stuck renting and desperately wants a house isn’t working their asses off?
And no, you’re not fucked, you still have a place to live with your family, and you clearly can afford it regardless of if the sale price eventually drops. And it doesn’t matter if it drops because once you sell it whatever place you move to will also have dropped in price.
Stop trying to fuck others with this fuck you I got mine attitude. I will be ecstatic if my condo halves in value, because it means my friends may actually be able to afford a place to live themselves, and it doesn’t hurt me.
Owning the house you live in isn’t something magical. The only significant benefit is the investment right now. A lot of the other benefits disappear too if you crash the housing market hard enough.
I bought my current home three years ago, it’s got a hell of a lot more of a loss to me than that.
You’ll still have a home, and presumably still be able to afford the payments. Fuck the loss, and let other people get a chance to actually have a place to live.
Yup, fuck me for working my young ass off to get a place when they’re so expensive, and continue to fuck me for another 20 years to pay for the $700,000 remaining on my mortgage because I wanted to have space for my kids.
At that point I’d be better off abandoning Canada to get rid of the debt load.
That screws the people who benefitted least, and barely touches the people who benefitted most.
You think everyone else who is stuck renting and desperately wants a house isn’t working their asses off?
And no, you’re not fucked, you still have a place to live with your family, and you clearly can afford it regardless of if the sale price eventually drops. And it doesn’t matter if it drops because once you sell it whatever place you move to will also have dropped in price.
Stop trying to fuck others with this fuck you I got mine attitude. I will be ecstatic if my condo halves in value, because it means my friends may actually be able to afford a place to live themselves, and it doesn’t hurt me.
You clearly don’t understand how economics works.
I don’t have shit right now except a massive debt.
And the house for you and your kids, right? How many renters can say the same?
If they’re renters… Then all of them
A roof is a roof.
Owning the house you live in isn’t something magical. The only significant benefit is the investment right now. A lot of the other benefits disappear too if you crash the housing market hard enough.
Renters will never own the property they’re paying for, but you and your children will.
They still have a place to live. That’s what makes them renters, otherwise we’d call them homeless.
So you don’t have a house to live in? Shame.