I just realized, in 2020 the bank of canada explicitly told the government and therefore the people, "don't worry, rates aren't going up".
People who "trusted the experts" went in on 0.99% variable rate mortgages thinking they'd never go up (which are now 6%). People who trusted their own discipline would have seen stagflation coming and prepared for higher interest rates.
People who "trusted the experts" went in on 0.99% variable rate mortgages thinking they'd never go up (which are now 6%). People who trusted their own discipline would have seen stagflation coming and prepared for higher interest rates.
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