One of my kids is looking to buy a house. They (daughter + hubby) have 20% deposit for a $300k house but, if interest rates are continuing to fall, why not pay the mortgage insurance premium and make it a 10% deposit on a $500k ‘forever’ house? They will only be paying off capital, effectively. How long will the low/negative rates continue?
They’ve already lasted decades longer in Japan than anyone forecast.
