1st June 2020

Compare the back-story with the front-story

posted in economy, technology |

More and more, I am taking the time to see if there is a back-story to the front-story. On CBC, shock that a bank would want a woman to pay $30K for abruptly breaking her mortgage.  Now, one of my kids would love to be a landowner, so I tend to check stories involving the dreaded costs of ownership.

Turns out, the $30K had grown (much like rising bread or something), when the owner decided to refuse a more reasonable offer of $8K from the bank. As well, although the news story attributed the financial downturn to COVID-19, the house had been placed on the market much earlier. Didn’t sell. It might have had something to do with the price of the home, a hefty $1.2 million. As well, the mortgage had been locked in for a best financial advantage, and the owner was well advised of the risks. She was a realtor, as an added cherry on top. Someone in the comment section pointed out that since she had only been in the home for two years, this had the musky odour of a “flip” gone wrong. Oh, how hard it must be to look like a victim, when the other details are available to anyone with a grasp of Google.

Today, the post office delivered one of my packages. No signature offered or taken, despite the conditions marked clearly in the corporate email. I guess I don’t care. I now own one of those LiFePo4 batteries, and the next job will be to get a suitable carrying box.

 

This entry was posted on Monday, June 1st, 2020 at 21:03 and is filed under economy, technology. You can follow any responses to this entry through the RSS 2.0 feed. | 258 words. Both comments and pings are currently closed.

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