u/Zealousideal-Feed827

Hello All,

My first ever post on reddit. I chose to post about this, because I was tired of reading posts which either became political OR didn’t have all the pros and cons. I am Apolitical and try to follow a logical approach with any policy that Government comes up with.

My perspective on the BC Condo bailout is based on my own personal situation. If I have to bear the high interest (fixed) and keep paying the mortgage along with high strata fees and increased property taxes, in the name of “risk” I took to own where I live, why shouldn’t a corporation? If they really wish to avoid an economic failure, why not lower the interest rates and make the condos affordable for everyone?

What am I missing? Would love to hear your unbiased opinion.