Message from @TeletubbyCancer
Discord ID: 686628239250161672
Expansion *
Maybe there
Idunno
The exact same thing I'm talking about happened in 2008
I'm referring to land specifically
And nothings changed in fiscal or monetary policy since
in Canada
Well land in itself follows the same path
PSA: dont live in Toronto
Loo
Lol
Well don't buy land in urban like a dumb dumb
buy cheap land in rural
It's mortgages fam
You can't buy land with a mortgage
Government backed insurance
You gotta save up and buy it cash
like a smart person
> You can't buy land with a mortgage
@Syenite huh
You can buy land with a mortgage
Land is way more risky
Here it's very difficult unless you intend to live on it etc
And even then
Land is way less risky *
banks do not like giving loans to build anymore
and they are very complicated
and usually involve paying contractors out of pocket so
not likely to get a mortgage for farm land
and will not get a mortgage for a farm house. period
I have had to change a lot of farm yards over to residential because of loan denials
```MONEY LAUNDERING!? IN WEST BALTIMORE? SHEEEEEEEEIT!```
We have laws that basically say you can't foreclose on a home quarter farm house
So banks won't touch them
OI MATE
Yes?