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Started By
Message
This mortgage receipt is floating around on social media
Posted on 1/14/24 at 8:11 am
Posted on 1/14/24 at 8:11 am
1 year of mortgage payments. $1603 principal paid and $74,328 interest paid
It’s a Canadian variable-rate home loan after a mortgage extension to 63 years.
It’s a Canadian variable-rate home loan after a mortgage extension to 63 years.
This post was edited on 1/14/24 at 8:13 am
Posted on 1/14/24 at 8:14 am to stout
Why Sweden is Limiting Mortgages to 105 Years
quote:
Sweden has decided to limit mortgages to a period of 105 years, after finding it could take people 140 years to clear the debt.
It comes after calls last week to extend mortgages in Ireland for periods of up to 50 years caused consternation.
quote:
"There was a study carried out around a decade ago that showed that at the rate Swedes were paying off their mortgages, it would take them on average 140 years to clear the debt.
...
"In reality: a standard mortgage in Sweden is usually around 50 years - even though there is now this 105-year limit."
quote:
Paul explains: "If somebody dies then an estate is formed automatically - which is a legal entity.
"In most cases, if there's a mortgage, the inheritors will sell the home at a profit usually and they'll pay off the mortgage.
Posted on 1/14/24 at 8:15 am to stout
sounds like a decent pool house
Posted on 1/14/24 at 8:16 am to SlowFlowPro
quote:
Paul explains: "If somebody dies then an estate is formed automatically - which is a legal entity.
“Hey kids, when I die you’re gonna inherit the house…and 50 more years of house payments"
Posted on 1/14/24 at 8:18 am to SlowFlowPro
quote:
Sweden has decided to limit mortgages to a period of 105 years, after finding it could take people 140 years to clear the debt.
You will own nothing and be happy. It's going to happen especially as the NGO/WEF/UN crowd keeps dumping millions of illegals into western countries. It's a sure fire way to enforce a lower standard of living on the population as the communuties are forced by the government to procure housing. Housing is limited further and costs go up. Young college grads cant move out or eventually decide to save for a house but then housing costs explode and they can barely own or rent. That's the goal. It's been spoken about openly, everyone must reduce consuming for climate change. Fewer cars, fewer flights, less meat, less everything. All for climate change. The elites will still consume exactly as they always have.
This post was edited on 1/14/24 at 8:20 am
Posted on 1/14/24 at 8:18 am to stout
Yea bruh, but I got my old lady into a new Honda Pilot at $1200/ mo for 84 months. They were practically giving it away.
Posted on 1/14/24 at 8:18 am to stout
Edit- someone beat me to it.
This post was edited on 1/14/24 at 8:20 am
Posted on 1/14/24 at 8:20 am to tiggerthetooth
Isn't there talk in the US of offering a 50 year mortgage? Bring on that housing bubble...
Posted on 1/14/24 at 8:22 am to OleVaught14
A renter effectively. But with all the crappy obligations of ownership.
It is also an option for the bank.
It is also an option for the bank.
This post was edited on 1/14/24 at 9:14 am
Posted on 1/14/24 at 8:22 am to tiggerthetooth
You have it figured out.
Also: I do not even try to explain any of it to others. When you open your eyes and study things around you for yourself, and by yourself, the obvious will scare the crap outta you. Truly.
Also: I do not even try to explain any of it to others. When you open your eyes and study things around you for yourself, and by yourself, the obvious will scare the crap outta you. Truly.
Posted on 1/14/24 at 8:23 am to stout
You will own nothing and like it.
Posted on 1/14/24 at 8:25 am to stout
Looks shady, how did they misspell premium, unless that's the Canadian spelling?
Posted on 1/14/24 at 8:28 am to SlowFlowPro
quote:
Why Sweden is Limiting Mortgages to 105 Years
The housing market in that part of the world is absolutely ridiculous. There’s a district in coastal Norway where everyone auctions off their homes. Instead of a normal market where you list, and the buyers look over, make offers, etc., they list the house one week before a public auction, and you have to close the day of the auction. Most people bring their bankers with them to the auction.
Posted on 1/14/24 at 8:28 am to Koach K
Seems like someone could make a killing with renting but the “perks” of home ownership.
Ie. Do whatever you want to the house, remodel, whatever
Ie. Do whatever you want to the house, remodel, whatever
Posted on 1/14/24 at 8:30 am to OleVaught14
quote:
Isn't there talk in the US of offering a 50 year mortgage? Bring on that housing bubble...
If you want to know what the American left is going to do then pay attention to the European left. American leftists are desperately trying to emulate what they see to be the "higher cultures" of the European left.
They are appalled that we don't have a European-style system. Never mind that Europe has been stagnating since WW2, shite economies of southern Europe like Spain and Greece, no military, horrid social welfare programs that have unsustainable costs, and the complete stupidity of their immigration dumps which increases rape violence for their local women.
Remember entities like the UN, in their agenda 2030, are ALLL ABOUTTT "bringing up women and girls" all the while they dump rapists and pedophiles into western countries.
Its ALL BS. To me, the only true religion of the elites is climate change stuff. Everything eventually ties into that, feminism, LGBTQ de-population, promoting de-growth (like Greta Thunberg who whines and screams for people to stop economic prosperity).
The elites want you in a mud hut because they don't care about you as they're more interested in climate change concerns. No they will not be changing their lifestyles or the lifestyles of their kids. Their kids will still be dunking on your kids on social media as they travel the globe on yachts and your kids eat bugs and stare into a digital screen all day.
This post was edited on 1/14/24 at 9:55 am
Posted on 1/14/24 at 8:34 am to SlowFlowPro
This is wild, people need to just pay cash and this silliness will go away
Posted on 1/14/24 at 8:36 am to tigerbutt
You'll own nothing and be happy
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