Message from @Leaf
Discord ID: 637799981499023381
I need to research the law
I don't want to be fucked with debt
tell your grandpappy to not be such an irresponsible lowlife with his debts
well you can never inherit debts
Don't talk about my grandpa like that
worst case you just get zero inheritance
Also he's not irresponsible technically he just has some mortgage debt
if thats all he has, hes fine
I just don't know if I could afford that in the near future
you can do the math, a 30 year amortized mortgage payment is a lot smaller than you think
i thought i heard canada even does like 40 or 50 year mortgages
Yeah I just don't know what the payments are like, if there is interest and what the rates are like, if I can even inherit debt in the first place, etc;
1. pull up property on zillow
2. estimate the debt amount he owes
3. do mortgage calculator
Ok
Ty
If I killed a few relatives I would have millions of dollars and two properties
Two dozen acres of land, a small farm and two four story houses
😈 🔪
based duck redpilling zoomers about economics
heres an example, if he owes 200k at 30 years, around 3.6% thats less than $1k/month
That seems like a lot for me
when i hated my last job i would spend HOURS just making financial spreadsheets
If he died now I couldn't afford that
so i am really good at this
based
$900 is pretty cheap isnt it compared to rent?
i know here is expensive, but rent is like $3000 for a 1bedroom here
I pay $479 in rent monthly
ok, but also mortgage debt is tax deductible
at least in US it was
maybe not canada
Which covers all utilities, two bathrooms, 1 bedroom, kitchen and living room
also if you have time and willing to risk and have a little cap