The seller of the house would not lose a cent of the price he paid for the house, but it would not be at the present market value price, but at the inflation rate each year the owner of house had the house.
And the buyer would buy a house at a reasonable price, at the price the house was ten years ago.
Prices of house have double in the past ten years.
So a buyer of a house would pay half the price the house is now, when going to A CHARTERED CANADIAN BANK.
If you calculate the price of a house being half price from what it is now , and add the inflation rate each year, compounded , the price of the house is much less than it would be at market value which is SPECULATIVE , and UNREAL, AND UNFAIR to the BUYER who needs a house for his Family.
3. Who would pay the difference?
Who has been GREEDY all these years?
The CANADIAN CHARTERED BANKS making over five hundred (500) million dollars NET PROFIT every quarterly period .
They are the ones who would pay the difference.
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