Trudeau To Cause Housing MELTDOWN With 30 Year Amortizations

Justin Trudeau is suggesting that changes will be made to Canada's mortgage sector in April 16th federal budget. Some are suggesting the changes could see 30 year amortizations return for insured mortgages.
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this video, however makes no representations or warranties with
respect to the accuracy or completeness of its content. The contents
of this video should not be considered a substitute for
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damages.

[@jchong416]

I disagree that Trudeau does not know what he's doing. I think he's fully aware of the consequences and its intentional

[@REALESTATE100SHOW]

You’re probably right

[@TheSavageB]

100 percent, its all by design.

[@scottGrozelle]

I was afraid of that…..he’s a puppet for sure.

[@Penny-em2cs]

He ruins everything he touches, worst prime minister ever in this country.

[@REALESTATE100SHOW]

💯

[@jjcaron72]

Vote his A..S out folks !!!!!

[@randysalsman6992]

You think he's bad now, wait for another decade or so and he's still Prime Minister

[@clarencelee8852]

Here's the thing, the good folks in the East really like the Liberals. When the elections roll around, once the votes are tabulated in the eastern provinces, it tells the tale of who the victor is. This time, people are tired of the so-called sunny-ways viewpoint on life! Liberals like to spend. Some other parties are okay with spending money, provided a reasonable return on investment exists. The Liberals aren't really good at calculating these kinds of factors. I'm unsure if there's a law; however, there are usually unintended consequences. Difficult to predict, but it is a factor to always be considered. Again, not the Liberal strong suit! How many home-buying schemes have come and gone without any positive effect that the Liberals introduced? What Nolan has explained in this video about additional interest costs is, pardon the pun, right on the money!

[@tj2gq4u]

Canadians arent getting out of debt sooner in this country. Our taxes are incredibly high, our housing costs are incredibly high, its very difficult for the middle class to get ahead. They have completely crushed the middle class over the last 8 years.

[@REALESTATE100SHOW]

👍

[@Madlux14]

It's really weird seeing people talk about the middle class. The middle class hasn't existed in 20 years.

[@sukisuki6114]

If Canadians don’t rise up NOW, Canada WILL remain KlausSchwabia.

[@REALESTATE100SHOW]

🤔

[@LanceBryantGrigg]

the shear number of people brainwashed by this nonsense is hilarious.

[@terrylaw18]

The really scary part is that the finance minister doesn’t understand monetary policy either.

[@scottGrozelle]

She is as dumb as the PM. Something seriously wrong with her. I think she needs rehab.

[@ikexkim]

He doesn't think about monetary policy? Let me translate. He knows nothing remotely even close, he slept through that part in his drama class.

[@DirtyDog995]

By his own admission: 'You'll forgive me if I don't think about monetary policy'

[@justadildeau]

My ovaries will balance themselves

[@REALESTATE100SHOW]

💯

[@dirtlump]

30 year Mortgages as now a 'remediative' remedy.... is akin to safe injection sites for drug addicts. While it may save addicts lives/Mortgage defaults in the near term..... over time all it does is burden society with more addicts and higher DEBTS..... as the extra monies available in longer amortizations is very quickly Capitalized upon by Banks/Sellers.

[@REALESTATE100SHOW]

Agreed

[@pjbth]

Safe injection sites don't cause more drug use 😂 spoken like someone who's never been there. The vast majority of addicts would never be caught dead at an injection site they are a last option only sort of thing for the 99% of addicts. Believe it or not the homeless people who are the main users of I sections sites are a tiny minority. Look at your lawyers, cops, retail worlers, construction guys.the face of addiction is the face of society it's an indiscriminate killer.

[@chrisj4910]

Anything he can do to ruin anyone who already owns a house

[@justadildeau]

Bingo, they want all the real estate for cheap

[@REALESTATE100SHOW]

Pretty much

[@ronp510]

And then he will impose capital gains taxes on those who sell those houses inflated to overr 1mil dollars

[@REALESTATE100SHOW]

Absolutely

[@DirtyDog995]

30 Year Mortgage = Renter for Life

[@willt2036]

'You will own nothing'

[@DirtyDog995]

@@willt2036 and not necessarily be happy 😉

[@REALESTATE100SHOW]

Yup

[@DirtyDog995]

@jameswilliams3304 Here in Canada unless your wealthy or a couple with high incomes most are not going to be able to make extra payments when 63% of their income is going to housing costs. And yes a 30 year term (no 5 year renewals) would only be beneficial if it's at a low fixed rate which just isn't going to happen. All this will do is increase the amount your actually paying for your home.... a big win for lenders.

[@CalCalCal6996]

How about we reduce amortization to 20 years to do the opposite?

[@JB-wr2lx]

Retiring with a mortgage , no one should want that .

[@nephilimshammer9567]

Who cares don't need to pay the bill when dead

[@Eric79-f7i]

You guys are retiring?!

[@REALESTATE100SHOW]

Agreed

[@TheNewSchoolGamer]

Right! I'm in my early 30's and I'm paying down my mortgage, definitely wouldn't want one beyond the age of 50 on my primary residence

[@CorporateShill66]

30 years is normal in the US, and you can pay down faster.

[@gordonmohr2268]

30 year mortgage...............but Greta said the world ends in 8 years .

[@DirtyDog995]

AOC also said the same... so 2 idiots can't be wrong... right?

[@gordonmohr2268]

@@DirtyDog995 🤣

[@REALESTATE100SHOW]

Then I guess it doesn’t mattet

[@bigsid3011]

Jail NOT Bail for Justin Trudeau!

[@REALESTATE100SHOW]

👍

[@sithumsamurai]

He’s a drama teacher, of course he doesn’t get it

[@REALESTATE100SHOW]

But he’s sure not that good at faking it either 🤣

[@Matt.k864]

kick the can down the road 🥾

[@REALESTATE100SHOW]

Yup

[@albundy7623]

The liberal Turd show is sick. Jughead Singh must pay a huge price for this

[@REALESTATE100SHOW]

🤣

[@sandeeptanjore1253]

Justin Trudeau is out of touch and so are Canadians too. To begin with Canadians should never have overpaid for houses. The previous conservative government reduced the 40 years amortization to 35 years then to 30 years before clawing it back at 25 years to cool the housing market. This never fixed anything. I think Canada needs a major shift in everything from amortization length (years) to number of years (like in US - 30 years fixed mortgages) w.r.t mortgage besides the govt. should raise the minimum down payment from 5% to 10%. This COULD cool down the market or may not. You never know 🙂 Alternatively govt. should start building and administering housing (the way it is done in Singapore).

[@REALESTATE100SHOW]

You’re right it didn’t help, because every time they clawed back the longer amortizations people panicked and bought more houses.

[@albundy7623]

It would be hard to hate anyone more at this point

[@sandeeptanjore1253]

@@REALESTATE100SHOW Also a new rule should be implemented which does not let you borrow or pull home equity to buy another house. This means "you earn, then ensure you save 20% liquid cash which will take years" and then buy investment properties. This could stabilize the housing market. Hope this is the new rule that PM Aladdin is coming up with.

[@JohnLee-]

You are right , house price will go up , more unaffordable and never pay the house down.

[@REALESTATE100SHOW]

Yup

[@brianesbaugh6897]

Hmmmmm, real estate is WAY cheaper in the US and they have 30 year mortgages? Everyone who took out a 30 year mortgage in the US a few years ago is laughing compared to all the 30 year old Canadians who need to renew this coming year🤔

[@buddy-cc5pw]

people live longer so why not 75 year mortgages, take your mortgage with you 6 feet under, lol

[@REALESTATE100SHOW]

🤣

[@kurts3779]

I think I mentioned this before on your channel that 30 or 40 year amortization would happen. It's either this or some people will lose their homes come renewal time.

[@REALESTATE100SHOW]

I did indeed. Unfortunately it sounds like he’s doing this for buyers instead of the people who are already in a mess

[@kentA205]

@@REALESTATE100SHOW people should lose their homes then or the next generation can't afford squat

[@kholkeholkepolke1135]

They need to put a bar on mortgage rates. No less than 5%. They can cut the rates with everything else, but cheap credit getting funneled into housing is nothing but an issue. Homes can not be mass produced like retail items. This policy will be the nail that permeates unaffordability. They seem to be following the WEF agenda. Our government works for plutocrats, not the people.

[@REALESTATE100SHOW]

👍

[@christopherrichardwadedett4100]

Hyperinflation?

[@jamesq9370]

Cities are also contributing to the high price housing problem by rezoning residential lots from single older houses (1000-1500sqft). These houses are worth $500,000-$700,000 in Calgary. If these lots are rezoned to allow infill houses, now you're competing against developers to buy a house on a 50ft lot (pushing up there prices) or the infills they will build are well over a million dollars each. It's more like we're housing livestock, in feedlots, than building a livable community.

[@gregfraser2763]

The banks have given buyers more than enough rope to make houses 15X median incomes. This not normal. Often prices revert to their long term affordability averages. If they make non recourse mortgages across Canada and allow for zero down payment - then I would consider buying ,since if prices dip you can give the keys to the bank without obligation.

[@REALESTATE100SHOW]

👍

[@blobtv7444]

That's old thinking, that was in closed societies, now we have money flowing in from all over the world

[@gregfraser8784]

@@blobtv7444 yeah it’s different this time. Haha

[@vikaskhatter5629]

the people who can not pay at the first time...will have to pay more ..is this the solution ..or another trap ?

[@REALESTATE100SHOW]

Trap

[@leoliu5017]

Is US the only country have 30 year fix rate mortgage? That will put bank into infinite risk if rates are up. US have fed and USD to transfer the inflation to the whole world, Canada can't do that but will have to follow fed's cut and raise.

[@Lifeisapartydresslikeit]

I’m reading all these comments about affordability and the middle class. Nothing makes any of you happy at all. Nothing!! Isn’t this what you wanted for yourself and your children?? Now they can buy a home - yes it will increase the price of homes but at least you can now get your foot into the door of home ownership. There has never been a good prime minister ever. The next person who comes in will be bad too. Let’s face it - government never helps anyone and the faster you guys get that through your brains - the better off you’ll be

[@freedomcanada8397]

Isnt he just trying to keep Canadas economy going for a little bit longer? Eventually the housing market will crash along with Canada's economy or no one will be able to afford to live.

[@XCHDragox115]

I’m curious what everyone’s thoughts are on what the solution to the housing crisis could look like if not increasing amortization period?

[@richcan22]

That’s only way they can make it affordable but 50th at will be next

[@stynger007]

Great information, new subscriber here..30 year amortizations, soon to be maybe even 50 year amortizations, anything to keep prices high and Canadians in debt it seems

[@REALESTATE100SHOW]

Welcome aboard!

[@leschalmers1225]

America has had 30 year mortgages for years but not with 5yr terms change the terms to longer period and something actually change

[@albundy7623]

That’s what I was thinking. Being locked in at 3% for 30 years like some people in the US sounds pretty sweet.

[@DirtyDog995]

My father (in Canada) had a 30 year fixed rate (no term) mortgage in 1959 on a house he had built for $18k

[@REALESTATE100SHOW]

👍

[@MrNorthernopal]

Talk to a company out of Vancouver Canada called Baynsworth and Lloyd Holdings Inc specialist can offer you different program option to get involved in the Carbon tax offset program

[@REALESTATE100SHOW]

🤷‍♂️

[@cornstar1253]

I bought properties over the last 25 years. Going up works for me.

[@REALESTATE100SHOW]

🥲

[@zomgoose]

They know exactly what they're doing.

[@nonasmith2405]

Remember it's not a 30 year mortgage in Canada it's a 30 year amortization period

[@keithpalmer4547]

Good I am glad 30 year mortgages are back.

[@stevenwatson2666]

The U.S. has great 30 year fixed term mortgages.... Why can't it be done here??? Knowing what your payment will be for 30 years is what I want in a mortgage, why is it so bad, non fixed term is bad but a fixed mortgage, why not?

[@REALESTATE100SHOW]

It could be done, but just isn’t the way it’s done. The rates are higher and therefore they are less popular and never survive.

[@RALnMeow]

People just cant pay off their debt Meltdown is right

[@pianokylemac]

Totally with you on this one man. Great real world observations

[@REALESTATE100SHOW]

👍

[@rajendraupreti7318]

100% agreed with your view plus, what if the housing bubble bursts by 40% and people decides to give up on their 5% down payment ?????? the CMHC will have still have to pay to the bank on behalf of defaulted buyers...what happens to the economy when more than 23% of country'a assets are in housing... sounds scary to me.

[@REALESTATE100SHOW]

Absolutely! Make sure you check out the video I just posted for more on how this will inflate prices.

[@stewarttower3380]

We should not expect a fool to understand economics. What we should expect is for all the advisors around said fool to educate him to ensure he does not make foolish decisions.

[@REALESTATE100SHOW]

👍

[@Magnolia7932]

Why in Canada we can't get the mortgage for 10 years like in USA. Why we must renew mortgage in 3 or 5 years? It's fair for the banks, not for the borrowers

[@REALESTATE100SHOW]

You can get a 10 year mortgage- little bit higher rate but absolutely available

[@brianharkness9379]

Great How bout helping out everyone on all homes CBC has comments disabled on their post Thanks for Nothing Trudope !

[@REALESTATE100SHOW]

Silly cbc

[@irjensen]

That transition sounds like a person blowing into the mic with their nose

[@mrgreensuit7379]

Just think how affordable everything would be if we got rid of usury (the biblical definition not the new-speak dictionary new definition). Less rampant money printing too that takes place in the form of fractional lending.

[@REALESTATE100SHOW]

👍

[@psl127]

Christy Freeland is an expert economist people.

[@jamr85]

You say the liberals don’t get it , but I’d suggest they know exactly and are doing it on purpose. That way ppl in Canada need to keep working while they keep benefiting

[@REALESTATE100SHOW]

You give them more credit than they deserve 🤣

[@Germany._.Kit77]

So people can't never earn houses price time 3 is then mortgage 1/3 mortgage 2/3 interest 😢😢stay away from this bs

[@HvacDaddio]

You're assuming Trudeau doesnt understand basic economics but he knows full well what hes doing.

[@REALESTATE100SHOW]

Buying votes? Making sure interest rates stay high?

[@jabbacoola1]

We need to move away from electing one person to be The head of our country we should elect one candidate from every party to make unanimous decisions but ultimately taking polls from the people!

[@REALESTATE100SHOW]

🤣

[@TenchiYuudai]

Ill be 50 when i can afford getting a mortgage 😊

[@theodorereading5785]

He is a fool he needs to go. Why oh why can’t we do something about him??!! He’s gonna destroy Canada so bad it’s never gonna come back. We Canadians need to get together and get this man out of power

[@REALESTATE100SHOW]

I think he’s about to go

[@SteveKarrasch]

40 year ams worked in 2006... right? Next up, zero down.

[@REALESTATE100SHOW]

Here we go!

[@donm2067]

Oh this is where all the cool kids hang.

[@lkennett]

He does understand, its by design. You will own nothing and be happy right?

[@REALESTATE100SHOW]

I just can’t give him that much credit

[@brarautorepairs]

Unlike most people, I would love to have a 40 year old mortgage. It is the lowest cost of financing available and having the extra cash flow can be used to save up for retirement. LTV would need to a maximum of 70 percent for a mortgage more than 600k and 80 pct for mortgages under 500k. There is a huge wealth transfer that will be coming to 80s babies from their parents when they hit their 50s.

[@dantracy7314]

Do you think in next weeks budget he will start taxing capital gains on personal residences?

[@REALESTATE100SHOW]

No, I think Trudeau still wants to have a chance at winning an election

[@A__SB]

RE in Canada is a Fugazi! RE prices need to come down as much as 50% for any measurable improvement in affordability.

[@marihutten]

Would help way more to not up the amortization but get longer rates. 5 years is ridiculous. Not saying 30 like America, but 10 would be great? Like realistically speaking if your rate goes above the one you were tested on most normal people take longer than 5 years to get a considerable salary increase/promotion etc. Like not much changes financially for the better in only 5 years. Specially in 2024 and the Canadian employer culture is to never give people raises. Would rather starve their workers to death since there's always an immigrant willing to take the job for peanut pay. 10 years allow you to plan your life if you see your career isn't paying enough as you gradually see rates going up. Now at 5 it's like you see it go up and can you really do something in so little time to earn more money to pay for the increase? Not. Another idea I always had is have one rate for people who buy now and another rate for people who already had a mortgage that way you don't murder people who have been paying and being diligent while also dissuading people from purchasing several properties/controlling housing inflation.

[@robdhillon8192]

Do u REALLY think Trudeau makes the decisions? Do u REALLY think he just wakes up one morning and says it’s time for jacking up rates, and to love Ukraine?

[@REALESTATE100SHOW]

He doesn’t set rates friend

[@robdhillon8192]

@@REALESTATE100SHOW c’mon mang! All G7 countries raise and lower rates at the same times….nobody in this country controls anything

[@inclusivelove5165]

The forum of world economics clearly said they want all asset values go sky high so “regular people can be happy to own nothing”. This was few years ago. He doesn’t make decisions. The people behind him makes the decisions and he is just picking the correct timing to execute. It is all going according to plan. Young people need to start getting their hands on assets. It could be as cheap as silver coins and gold coins, smaller properties then grow as soon as possible. Because my children’s generation is really depending on us to own anything. After that this world will completely be owned by the asset class and regular people will be in the credit class… think about that.

[@Blackbear23929]

Debt Slaves for life

[@MR007-r3f]

Freeland announced a 30-year term for insured mortgages today 😂.

[@REALESTATE100SHOW]

Oh boy.

[@XterCy1987]

Coming from an Australian where 30 year mortgages are the norm, I agree 100% with your view.

[@dougiep2769]

House of cards. Banks are toast and so is canada. Alberta and sask will be leaving

[@REALESTATE100SHOW]

🤔

[@MustyBastard]

60??? I was depressed that it was going to take me till I was 52. When I started when I was 27 I was thinking 40s, but things are too hard for that right now. Especially seeing I am doing it all alone. If you wait till 60, what you have 5-10 years in your paid off home then it is off to diaper city ? Might as well just give up right now.

[@kentA205]

It makes me sad as well...why doesn't the conservative leader and the others leaders say something. People should vote on this before it's passed!

[@cumulusvapes7]

hmmm diaper city?! The very last city where the grass is green and girls are pretty 🎸🎤

[@MustyBastard]

@@cumulusvapes7 More like their is no grass and the girls are all geriatric

[@REALESTATE100SHOW]

👍

[@cumulusvapes7]

@@MustyBastard Yea axl calls that home now

[@janasenthilkumar6164]

Trudeau must go!!!!

[@Yttiwgnihtemos]

Ive had to accept ill never own a home. I do okay too, but its so out of whack where i live. Its quite demoralising.

[@jfdes4016]

Justin Trudeau is the best PM to put back the independence of Québec on the map, thank you 😆

[@LanceBryantGrigg]

I've got a 30 year mortgage already, ive had one for about 3 years now. Are you sure you fully grasp what exists vs what can exist?

[@REALESTATE100SHOW]

Not on an insured mortgage you don’t.

[@andrewdudenhoffer9512]

​@@REALESTATE100SHOWmost people don't know what you are talking about when you say that. Our schools teach us nonsense that we will never use, but neglect to teach us useful things about the real world that we actually need to know, like economic and financial literacy.

[@ericb7937]

Next, now you can save up for a mortgage for 20 years then pass it down to your grandchildren

[@crickinsight3319]

Build more build more that's recepie

[@REALESTATE100SHOW]

💯

[@scottGrozelle]

The problem is Justin has no clue what basic economics is.

[@REALESTATE100SHOW]

Or any clue at all

[@VonW0lf3N5t31N]

#trudeaufatigue

[@crickinsight3319]

I don't think bcz the purchasing power doesn't exist anymore. They also need to do decrease interest rate

[@REALESTATE100SHOW]

👍

[@edmondlai8299]

It’s not Justin that makes these rules. It’s his team, his advisers….

[@nathanm1873]

Im starting to think Trudeau might be the anti christ 😂

[@REALESTATE100SHOW]

🤣

[@raymondOsmond-zi9jb]

Well want more do you expect from a no brainer

[@REALESTATE100SHOW]

Right!

[@theirishman2089]

Not sure where you have been lol....as of November 2023 over 35% of mortgages were 35+ years. The bank manager at Montreal bank explained to me the Liberals had a meeting long before our and that they told all bank management to offer all people renewing mortgages to be in a 35 year mortgage if they thought their current terms were to strict (25 Years). Not only that but many have 40+ apparently.....it was the Liberals way of halting a bank crash in Canada....enjoy the slave race the liberals have created.....remember they did this at least 1.25-2 years ago and hid it from everyone...this is a CYA announcement

[@REALESTATE100SHOW]

Well, this is partially accurate

[@fitspirit]

What about OSFI's new rule that most mortgages need to be for less than 4.5 times household income? Why would anyone get a 30 year mortgage if they put down a large down payment? I think they are pandering to current home owners (who also don't need to requalify at current rates) who may be squeezed right now but this does nothing for people entering the market. Remember, ultimately, the objective is to turn Canada into a nation of renters. And btw, Trudeau doesn't decide on anything, he is a puppet who does what he's told.

[@REALESTATE100SHOW]

It doesn’t matter at 5% interest rates. Also, that’s an osfi rule not a department of finance rule, one regulated uninsured mortgages one regulated insured mortgages

[@TheRickRoller1]

Leave Trudeau out of this!! He’s got great hair, a great family name and he’s always there to print money for our friends in Ukraine!! Even when Canadians are dead broke he’s still an amazing person when it comes to giving handouts overseas! Best prime minister ever❤❤❤😂

[@REALESTATE100SHOW]

🤣

[@ronl1633]

We are so close to the rate hikes working as they should, in terms of taking the pressure off real estate prices and demand. If the Liberals do something really stupid like extend amortization or reduce down payment requirement its beyond mind blowing. I wounder how BOC will react to this liberal policy?

[@REALESTATE100SHOW]

Yup

[@romanwarrior1158]

Just pay your mortgage down with lump sum payments when you get a chance to dramatically decrease your mortgage. No one said you have to wait 30yrs…. Having the breathing room is a good option for people starting family’s.

[@REALESTATE100SHOW]

A better way is to buy less house house and have a smaller mortgage and payment to begin with

[@pjmclean]

I ❤ 40 years ams. They provide the lowest fixed monthly cost with all kinds of prepayment options to pay off a mortgage quicker.

[@REALESTATE100SHOW]

😳

[@nickcheema907]

Black Face and the Liberal Party need you to be further indebted. Open your wallets folks and keep voting Liberal!

[@REALESTATE100SHOW]

👍

[@louislebrun1790]

Who cares about what goverment think about money, if someone listen goverment crap well there is nothing to do about that person......

[@REALESTATE100SHOW]

💯

[@Chima4289]

If it accompanied with 4.5 gross annual income.., the 30 years mortgages will help current home owners to get ends met…, but at the same time to put pressure on on resale and new home prices

[@REALESTATE100SHOW]

The 4.5 won’t really matter at rates under 5%

[@willt2036]

People buy the payment. Not the property. Longer amortization might help temporarily but the market will quickly rise to make up for it.

[@REALESTATE100SHOW]

Yup

[@RafikSamman]

Mortgage amortization of 30 years are already available. What are you talking about?

[@REALESTATE100SHOW]

Not on insured mortgages

[@tetsuko90]

But really from a macroeconomic perspective, what better way to retain a level labour supply longer than give us 5 more years of mortgage to work for?

[@REALESTATE100SHOW]

🤣

[@mikep4869]

Next will be: 'Interest Only Mortgages' for the first three years of that 40-year mortgage.

[@REALESTATE100SHOW]

I hope not

[@carocarochan]

30 years a slave....

[@REALESTATE100SHOW]

Mmmhhhmmm

[@amandafrancis133]

Generational dept...2-3 Generations b4 the hoise woulf be considered paid.

[@REALESTATE100SHOW]

👍

[@mysterysolver514]

Its like the less wrong thing he did, you aint forced to take it on 30 years why you complain about that

[@REALESTATE100SHOW]

🤷‍♂️

[@randyhuke3773]

He is personally getting richer off this housing bubble. He wants housing prices to go up !

[@REALESTATE100SHOW]

🤑

[@Wolfpack1298--3]

Just a note, conservative made it 40 years back in the time.

[@ronl1633]

Yes and they realized the mistake and changed it back, but homes did not cost what they do today.

[@REALESTATE100SHOW]

Yep and quickly pulled it back when they realized how big of a mistake it was.

[@CobaltFIr3]

We just bought a house 2 months ago and our possession is end of April. How will changing the amortization to 30 years affect us? Will prices go up or go down. Maybe I just don’t understand entirely

[@blobtv7444]

Amortization is your mortgage, higher the Amortization lower the monthly payment.

[@CobaltFIr3]

@@blobtv7444 Yes I understand that, I just didn’t understand why this will push home prices higher. If I were to guess, more people will be able to qualify for mortgages at 30 year amortization and thus more demand will push prices higher?

[@RichardBrett899]

I don't really care about housing shortages or surpluses because I own my 2,500 sq ft condo with oceanview outright. I would like the interest rates to remain high so I get interest income from my large bank savings.

[@valerijoukov239]

What if your condo will became a "leaking condo" ? - Will you spend all of your savings or will take a mortgage?:))

[@REALESTATE100SHOW]

👍