Canuckleheads are overpaid and have crap mortgages

[Capetan Mihali]

Grey Fox, I disagree with your idea like everyone else, but I get where you are coming from. 

But will you defend to the death his right to have it?

[Malthus]

Grey Fox, I disagree with your idea like everyone else, but I get where you are coming from. 

But will you defend to the death his right to have it?

That depends. Whose death, exactly? 

[alfred russel]

But will you defend to the death his right to have it?

The right to hold the view that interest rates should be regulated with a mindset of increasing homeownership?

That is a sort of specific and narrow point of view to die over.

[DGuller]

Buy the time the place gets sold off the market will have recovered enough that you will not be eating a huge loss....I guess unless you bought your place in Detroit in the 1970s or something.

Technically, that kind of thinking of is one of behavioral biases.  When you buy high, you buy high.  Whether timing the buy wrong results in a loss or just a lower gain, that doesn't really matter much.  The amount you overpay is lost forever.

Not that I'm saying that there is anything you can do about the timing risk, I'm just pointing out that the reasoning above isn't really alleviating the concern.

[Capetan Mihali]

The right to hold the view that interest rates should be regulated with a mindset of increasing homeownership?

That is a sort of specific and narrow point of view to die over.

  It's attitudes like these that have eroded free speech in our society.

[The Brain]

  When you buy high, you buy high. 

Just look at FB.

[alfred russel]

  It's attitudes like these that have eroded free speech in our society.

Grey Fox is a francophone canadien. Not only is he not in our society, I couldn't understand him if he was.