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179 sats \ 4 replies \ @grayruby 2 Nov 2023 \ parent \ on: US Business Bankruptcies Skyrocket by 30%" meta
Is she actually house hunting or house window shopping like my wife spends her spare time doing?
A bit of both. I can opt in to working remotely, so we don't need to move, but we're always looking for a possible upgrade.
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I just read an article this morning that some folks in Canada are walking away from huge deposits for preconstruction homes they aped into during the pandemic when mortgage rates were 1.75% and now that they are 6% and you need to qualify at 9% (due to mortgage stress test rules) they can't get financing so their option is to walk away and lose their deposit, try to sell on assignment or let the developer take back the property and get sued for any shortcoming between what the developer sold it for and what they signed the deal for.
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Fascinating. We've got our fingers crossed that our housing market collapses after somewhere we're interested in and we can get a screaming deal without losing our current equity.
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