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46 sats \ 2 replies \ @SatoshisSkeleton OP 18 Sep 2023 \ parent \ on: 20% of mortgages in Canada are ONLY paying interest. 😳😦 meta

Haha. Wild. The payments aren't quite half. Have to also factor in prop tax, Strata etc... but then yeah... if number go up of value then it's a medium term rental with a perk. 😦😳😖

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6 sats \ 1 reply \ @chaoticalHeavy 18 Sep 2023

Depends on the interest rate. With low rates from 7-8 years ago locked in, the taxes are half the payment. Interest is about 1/4 of what a comparable rental house would be.

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16 sats \ 0 replies \ @SatoshisSkeleton OP 18 Sep 2023

Yeah

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