Comments by "Primmakin Sofis" (@primmakinsofis614) on "Mortgage "trigger point": Why interest rate hikes could set off a financial bomb for Canadians" video.

  1. The early 1980s called. It said to get ready for 20% mortgage interest rates.
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  2.  @louismeloche3857  The thing is, though, credit card debt is unsecured. Which means people can default on it and it's the credit card companies left holding the bag. With a mortgage, if you default, the bank seizes the home as compensation.
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  3. They may also get stuck with a bunch of homes they can't sell.
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  4.  @boghopper5463  If they can't sell them they will. Maybe not a huge amount, but a cost nonetheless. I don't think banks are exempted from paying property taxes on buildings they own.
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  5. It's amazing how many people don't know this. They continually confuse the symptoms of inflation as being the cause of inflation.
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