Money printer goes kaput
Jul 08, 2023
Due to rising rates, some existing homeowners in Canada are seeing their amortization period go as high as 90-years as their ‘fixed-payment’ variable-rate mortgages adjust automatically to rising interest rates while the monthly payment remains the same, per Toronto Star.
— unusual_whales (@unusual_whales) July 8, 2023
You'll work forever, own nothing, and be happy!
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