Saturday, July 19, 2008

A Good Move

I read today over at the Saskatoon Real Estate Resource Centre Blog
that the Government of Canada is stepping in to see and end to 40 year mortgages and 0% down mortgages.

Fantastic move if you ask me ... while I understand that some people argue for the other side, in my mind it merely widens the gap between the rich and the poor; it isn't fair that people who can't afford a down payment (or a shorter mortgage period) are paying so much more for their homes in interest over the years.

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