Graham Stephan
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Appearances Over Time
Podcast Appearances
30-year fixed rate debt.
Because you guys don't realize, you guys probably do, but the audience doesn't.
We are so uniquely gifted with the 30-year fixed rate mortgage.
It is a one-way bet.
If rates go up, do nothing.
Rates go down, you can refine.
Canada, five years.
Australia, 10, whatever it is, right?
It's the debt that blows up.
That's why Canada's real estate market's in trouble is because the debt's blowing up.
Again, if you're going to... So the answer to that question, Graham, is where are you in your journey?
If it's your first property...
Most of you will never get there doing the Dave Ramsey, save, save, save, save, save.
Because the price will just get away from you.
You can't save fast enough.
I believe when you get to the point you can have 50 percent equity, that is great.
Right.
I think I said the numbers earlier.
We're at 25 and nine.
So that's even below 50 percent.