The U.S. Housing Market vs. the Canadian Housing Market

Re:The U.S. Housing Market vs. the Canadian Housing Market by compiler-guy on Saturday September 09, 2023 @05:11PM (#37450325)

All that leverage absolutely crushed investors in the 2008 housing crash, and is again now ruining people who had poor or nonexistent interest rate hedges.

The idea that it’s easy or natural to make money via leveraged housing had ruined many people.

[ Parent | on HN ]

Re:The U.S. Housing Market vs. the Canadian Housing Market by ozr on Saturday September 09, 2023 @06:36PM (#37450996)

This isn't really a thing in the US right now. Less than 10% of mortgages are adjustable. The share of ARMs in 08 was much, much higher.

[ Parent | on HN ]

Re:The U.S. Housing Market vs. the Canadian Housing Market by ethbr1 on Saturday September 09, 2023 @10:47PM (#37452443)

*/1 ARMs are insane and shouldn't be allowed in the market.

*/5s or even */3s offer an interesting option, depending on terms.

[ Parent | on HN ]

Re:The U.S. Housing Market vs. the Canadian Housing Market by refurb on Saturday September 09, 2023 @09:57PM (#37452207)

Yup, people don't realize that leverage works both way. It's not a freebie.

[ Parent | on HN ]