Name: Scotiabank explains how to use your house like an ATM. Debt forever?
Uploaded: 2023-01-19T21:23:03+00:00
Duration: 11 min 20 s
Description: Scotiabank explains how to use your house like an ATM or a cash machine. Is this a sign people will be in debt forever? It's so subtle but the way Scotiabank portrays extracting debt from your house o

Streamed on: Jan 20, 4:00 pm EST

banks scotiabank canada

Scotiabank explains how to use your house like an ATM or a cash machine. Is this a sign people will be in debt forever? It's so subtle but the way Scotiabank portrays extracting debt from your house or home is one of convenience and ease where nothing can go wrong. However, if people buy at the wrong time then it can be a disastrous scenario that ends in foreclosure. Canada is in a super bubble and I show you using historical prices how buying at the wrong time can mean negative equity for over 10 years.

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