/biz/ - Business & Finance

>>6629066
>>they can never pay off their houses
pumpkin, they are retiring, they don't need to pay off their houses, they need the money to pay for groceries and other things when they retire. to do that they need to refinance their homes. higher equity means more money in their pocket. the point is to die and have nothing left, not die and give the government all the money they didn't spend

>>That's less than it was before.

it's higher now then it was since 1971 genius. please google shit before you type it out.

>>half of those have no fucking mortgage at all!

Among homeowners, 57% made a mortgage payment in 2008 and the remaining 43% were mortgage-free. https://www.statcan.gc.ca/pub/75-001-x/2011002/article/11429-eng.htm#a3

>>The ones that don't have an extremely hard time getting a home because they are so expensive
also if they rent they are getting fucked over because rent goes up

you can't make the system favorable to everyone mate, the compromise is that the majority benefit.

damn son, google shit.