whoisearth

whoisearth, 6 days ago

Because they’re over leveraged. They’ve purchased assets when rates were low and now that rates have gone up they haven’t factored this into their profit margins and would either go under or not make enough.

It’s disgusting. If you have enough money to play the game you should have enough money to live with the consequences and a tenant isn’t your get out of jail free card for your shitty planning.

whoisearth, 6 days ago

Thank you for a very well explained response. Also in countries like Canada mortgage terms are redone every 5 years on average making us much more susceptible to rate changes than in America.

whoisearth, 6 days ago

I agree 100%