47
Bank of Canada expected to cut interest rate Wednesday with no signs of stopping there
(financialpost.com)
this post was submitted on 03 Sep 2024
47 points (100.0% liked)
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For many homeowners their home equity is their only remaining retirement plan.
Maybe you are fortunate enough not to be there but many are so any government that makes moves to reduce that equity will be gone the next election cycle.
Want a single detached house? Start climbing the property ladder in the middle of nowhere not presuming itโs realistic to start at the top in a major city anymore.
Hard truth gonna get downvoted. Pity.
I'm not that fortunate, but I recognize it's better for everyone else anyway.
Home ownership isn't my retirement plan, I just want to own where I live.
In the end I'm financially fucked, it's remarkable I got a nice house at a good price anyway.
I can't hold a generation hostage over my finances. What am I, a boomer?