News for hackers. Stuff that matters.

A comment on Ever-increasing home values are a Ponzi scheme. Parent comment

Re:Ever-increasing home values are a Ponzi scheme by nasalgoat on Wednesday June 23, 2021 @12:47PM (#27606623)
The problem with that is it only allows a maximum of $25K, which in Toronto's market barely makes an impact on the downpayment.
[ Parent | on HN ]
Re:Ever-increasing home values are a Ponzi scheme by smnrchrds on Wednesday June 23, 2021 @12:55PM (#27606742)
It's $35k now.
[ Parent | on HN ]
Re:Ever-increasing home values are a Ponzi scheme by nasalgoat on Wednesday June 23, 2021 @12:59PM (#27606808)
That's better, but still far away from a significant useful amount. When I bought my first place in 1999, my downpayment was $12K which fit nicely in the allowed amount. Not so much anymore.
[ Parent | on HN ]