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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (65573)	4/28/2021 7:08:01 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 71463

10% increase in rate or 10% rate.. LOL... Oh dear.. I recall first home purchase.. was still cheaper to buy first time level home (we bought modest townhome 97K) than rent in Toronto EVEN at 12% mtge rate !!! Realtor told wife and I .. OH! you can go up to 40% of GROSS (pretax) income as mortgage and taxes carrying charges ... WTF I Thought are U nuts.. I stayed at 25% and being in the cowboys days of software.. I always had great income advancement prospects.. but still.. accidents happen.. staying within 25% was wise :) actually Mortgage one was 10.5% .. then boosted to 12.5% next renewal.. NO SWEAT !!! :) The cure for high prices is always the same be it housing or oil.. just the inputs are different :)