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[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

you think banks are stupid enough to give mortgages to crack heads? not even close, it was done on purpose,

the bankers knew exactly what would happen if they gave mortgages to crack heads, eventually everything would come crashing down, banks get bailouts, and banks once again make money off the hard working middle class who loose their homes, jamie diamond know exactly what he's doing

it's coming here as well, and the canadians banks are going to profit immensely once again, canadians live a life of debt, the crash is coming up there

[–]wuzizname 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Outside of my mortgage I have zero debt. Debt is a trap and it’s up to people to fall for it or not. Free world, free choice.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

you should like those dub fuks at my ex work, "mortgage is not debt" "house is good debt"

sorry to break it to you, but mortgage is debt, you owe the bank money, it's debt and its that simple

i agree people have the freedom of choice, but we are NOT living in a free world, many countries out there are not free, so you mean, Free canada, free choice? well im sorry to break it to you but canada is not free either

have you tried to start your own bank in canada? guess what, u wont get far, you will be blocked so fast, and needs shitloads of money, even if you somehow be able to start your own bank, the big banks will bring you down so fast, why? because they are in bed with the government, the big banks will pay off the politicians, the big banks have a monopoly and the government protects them

banks control the canadian dollar, thats not a free world to free canada

one the good side, we might be heading into a more free world, since bitcoin is not owned by the bank or canadian government, then the canadian dollar, government and banking institutions have to compete against Bitcoin

myself, i dont have debt and i use bitcoin everyday now, fuck the canadian dollar

[–]wuzizname 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Mortgage is debt but it’s debt backed by hard assets. It’s debt where I have a tangible thing which I can sell unlike debt that kids rack up on useless college degrees and debt spent on going on vacation. I consider that good debt because it yeilds realty that can be sold to recuperate debt or even yield a return.

I’m not interested in starting my own bank but we have a new coop in town and there’s been a number of new ebanks like tangerine that have popped up in the past few years.