Another excellent video courtesy of our friends over at Vancouver Condo Info regarding the impact of interest rates on housing prices.
If you haven't seen it, also check out their previous vid below on the roller coaster that is the Vancouver Housing Bubble.
If you haven't seen it, also check out their previous vid below on the roller coaster that is the Vancouver Housing Bubble.
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debt and deleveraging
ReplyDeleteVery interesting read whisperer.
Whats funny about those numbers 1982 - 150k - 18% and 2011 - 750k - 3.5% is the interest payments to the bank (and thus the mortgage payments) are the about the same in nominal terms.
ReplyDeleteThanks pipewrench. Good points Bagholder.
ReplyDelete