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

https://gfycat.com/lawfullightheartedflyingsquirrel

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

https://twitter.com/Nick_Fullerrrr/status/1188015935015096321

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

It's actually kinda lit tbh

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

https://www.youtube.com/watch?v=MHXL00wY3nY

buying one on lean

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