this post was submitted on 23 Oct 2023
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Cautionary tale about not having a mortgage in retirement (www.cbc.ca)
submitted 1 year ago by yads@lemmy.ca to c/personalfinancecanada@lemmy.ca
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I feel for this guy, but something isn't adding up.

  • he has lived in this house for 3 decades
  • his mortgage is still so high, that the recent interest rate hikes have taken his mortgage payments from $1K to $2.6K
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