@ronmortgageguy It is an absolute nightmare. There are so many other consequences as well. It is virtually impossible for one person to rent anything.
That is beyond problematic, that is dangerous.
@ronmortgageguy@AWalosik I looked into trading my little car in and absorbing the remainder of the loan. A 2017 Elantra would have cost me $750 a month.
That is a mortgage payment in a normal world
OSFI Considers More Restrictions on Bank Mortgage Lending = Study Of Open Barn Door & Absent Horse
The Bank Regulator: the Office of the Superintendent of Financial Institutions will embark on a study of the safety of Bank Mortgage Lending immediately says Peter Routledge
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@ronmortgageguy I don't always agree with you, Ron, but these arguments are so obviously true. The reality is we will likely NEVER hear such an acknowledgment, but there can be no argument where the responsibility lies.