"There is nothing quite as beautiful as money, there is nothing quite as wonderful as cash..." Monty Python

$$ Mortgage Resets, Real Estate Time Bombs

This is from the UK:

timebomb

And this is from the US:

a bit outdated
loan-resets

In Canada, we will probably have the same but with a bit of a delay.

I squint just thinking about another potential “double dip” in the economy. Lots of people around me are getting that glint of hope in their eyes again, work is starting to pick up. Would hate to see these “green shoots” :) destroyed by the second wave of mortgage defaults.

 


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