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This article is a smorgasbord of cliche outrage topics... I'll just say at least in Canada, first time home buyers can get 5% down payment, so the "takes 10-20
by srcreigh 4y ago
This article is a smorgasbord of cliche outrage topics... I'll just say at least in Canada, first time home buyers can get 5% down payment, so the "takes 10-20 years longer to get a 20% down payment" point doesn't make sense.
- ZeroGravitas 4y agoThe patchwork of policies that aim to paper over the basic issue are in fact part of the problem. Houses cost too much, if you aren't already a property owner, because of property price inflation. So let's make it easier for first time buyers. More demand so prices go up again. It's like printing more money to give to the poor as a response to money inflation.
- cawlin 4y agoOnly if the house is less than 500k
- srcreigh 4y agoIt's 5% on the amount less than $500k, and 10% on the amount from $500k up to $1m.
- Matthias247 4y agowhich is not even sufficient for a 1 bedroom place in the vancouver area.