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A comment on Billions in 'unknown' funds flowing into Canada's housing market [video]. Parent comment

Re:Billions in 'unknown' funds flowing into Canada's housing... by IkmoIkmo on Friday July 30, 2021 @09:04AM (#28007490)
If you look at income and ignore their wealth, maybe it seems strange. But they have > 1.4 million in equity. They're allocating < 15% of their equity.

At the end of the day they'd be sitting on a mortgage that's only 2-3x their annual income, that's very reasonable.

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Re:Billions in 'unknown' funds flowing into Canada's housing... by itsoktocry on Friday July 30, 2021 @10:03AM (#28008077)
>that's very reasonable.

If you look at current prices, and think that they can only rise, that's very reasonable. Otherwise, that equity can be wiped out pretty quickly.

I suppose what I find strange is killing it on an investment (turning 400k into 1.5M) then turning around and reinvesting in the same inflated asset-class. Hence my comment regarding buying a more expensive home AND dumping money into it.

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