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Old 10-16-2012, 05:54 PM   #273
wouwou
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Join Date: Nov 2005
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^That guy with 20 houses will probably be fine in the states if he didnt over spent and sold half of his holdings to cover the holding costs for the remaining properties.

It's different here in Canada for one major reason: ALL our mortgages are short term adjustable rate mortgages.

Yes you can hold a property for a few years if the market is bad as long as its your principle residence, but come renewal time the interest rate might be what forces you to sell.
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