Pull up the ladder after you.

  • BalpeenHammer@lemmy.nzOP
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    2 months ago

    AFIK the US has very long mortgage terms. It’s routine to get a 30 year mortgage with locked in terms. Of course people can and do refinance but if they have good terms they can keep them until the house is paid off.

    Our mortgages are only a couple of years or so.

    That’s a huge difference INMHO and can’t really be compared.