>> 30 year mortgages are a political guarantee to homeowners. > And they work; arguably these are one of the reasons why "owning your own home" was able to be

>> 30 year mortgages are a political guarantee to homeowners. > And they work; arguably these are one of the reasons why "owning your own home" was able to be something that so many Americans see(saw?) as an unquestionable part of adult life. The ownership rate for Americans (mostly 30y terms) and Canadians (usually 1-5y terms) is basically the same at around 65%. * https://www.statista.com/statistics/184902/homeownership-rate-in-the-us-since-2003/ https://www.statista.com/statistics/184902/homeownership-rat... * https://tradingeconomics.com/canada/home-ownership-rate https://tradingeconomics.com/canada/home-ownership-rate