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Dream Chaser ⚡️🐆

Someone’s 1 year of mortgage payments. $1603 principal paid. $74,328 interests paid 🏡

It’s a Canadian variable rate home loan after a mortgage extension (extended to 63 years).

Basically renting your house and never really owning it.

Scurvydog 1y ago

Some rich guy. 1.2 million CAD. What is the average home price? About half that?

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Discussion

Tim Bouma 1y ago

Unfortunately, that's the average price of a decent house in Canada. #housingcrisis

moonmechanic 1y ago

In Vancouver that barely covers a two bedroom condo.

Scurvydog 1y ago

Not surprising. Only there for a week and I realized I would never live there. Gas alone was ridiculous. The mountains up north were great. But that was the only good thing from my perspective.