Re:How Not to Build a Country: Canada’s Late Soviet Pessimism
by mistermann on Saturday September 28, 2019 @11:21PM
(#21104828)
> but when the land under their home - let alone their home itself - doubles in value every 8 years and the rate doubles in eight years, they have to sell to get out or lose their house anyway.
I'm having trouble thinking of a realistic combination of numbers where the asset owner would exhaust the equity in their home under such a scenario, or is that "off limits" for some reason?
I'm having trouble thinking of a realistic combination of numbers where the asset owner would exhaust the equity in their home under such a scenario, or is that "off limits" for some reason?