Buy a house at pre-construction, don't sell your existing house, market takes a bit of a correction, and now you can't qualify for the new house...what do you do? Blame the banks? Blame the builder? Blame the government? Or own up and admit you made the wrong call?
https://www.thestar.com/business/20...arkets-peak-now-they-face-financial-ruin.html
I'm not even sure what to make of it. While I feel bad for the members of this group, I don't have much sympathy because I'm seeing more of these news articles where people get mortgaged to the tits and then when it doesn't go their way they kick and scream that they're 'unfairly' in duress....
Here's their community site if you're interested...
https://www.communityforfairness.ca/mattamy
So glad I didn't listen to my agent, broker, bank 'advisor' to take on an addition 200k debt...
https://www.thestar.com/business/20...arkets-peak-now-they-face-financial-ruin.html
I'm not even sure what to make of it. While I feel bad for the members of this group, I don't have much sympathy because I'm seeing more of these news articles where people get mortgaged to the tits and then when it doesn't go their way they kick and scream that they're 'unfairly' in duress....
Here's their community site if you're interested...
https://www.communityforfairness.ca/mattamy
So glad I didn't listen to my agent, broker, bank 'advisor' to take on an addition 200k debt...