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The Case Against 30-Year Mortgages

(www.wsj.com)
13 points paulpauper | 2 comments | 11 Oct 25 16:42 UTC | HN request time: 0.576s | source
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BJones12 ◴[11 Oct 25 17:04 UTC] No.45550758[source]▶
Here's the grain of salt: Canada and Australia do not have 30 year mortgages yet face similar housing woes.

That said, it seems like the article buried the lede and is really complaining about interest costs.

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bryanlarsen ◴[11 Oct 25 17:27 UTC] No.45550959[source]▶
House prices in Canada are dropping this year. Not much, and from an insanely high base, but the need to refinance at a higher interest rate has forced some people to sell.
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1. applied_heat ◴[11 Oct 25 18:13 UTC] No.45551318[source]▶
The condo market is hurting the most. Which is exactly what people have been asking for - lower prices - achieved by vacancy tax, foreign buyer ban, speculator tax, and no rights for landlords.
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2. betaby ◴[11 Oct 25 18:40 UTC] No.45551534[source]▶
> The condo market is hurting the most.

Are you talking about specific areas of Toronto?

Condo prices in Montreal are growing at about inflation rate.