Canada

That's just it. I'm paranoid, so I actually sat down and tried to figure out what would make me go bust, when we bought. It's always a risk, like you can't anticipate turns in health, job losses and sudden poorly timed housing market crashes. You just can't help that sort of stuff, other than saving saving saving. The problem with savings though, is savers have been absolutely punished in this country the last 20 years. High banking fees, super low to no interest earned on savings and erosion due to background inflation have eroded anyone's interest in saving money. But then these government and public sector folks have the gall to turn around and dare ask us why no one's saves. Like absolutely go fuck yourselves. The government and the bankers (usually these people are the same) have been fully complicit in causing this situation we are currently in. Their so called regulation is usually far too late, and far too watered down to have any effect.

Anyways I'm a saver nevertheless, so I'm fine for awhile. We also bought well below our means, we got lucky with timing and got in at a good time in our local market. With our current earnings, our mortgage isn't even 2x our annual HH income. It's actually barely even 1x. So that means we can take some heat, like I figure I'm good until somewhere in the high 30% interest range, before it starts to become a problem. The yield curve was upside down when we took out our mortgage, so variable mortgages weren't really on the table anyways, but I still would never have taken one. The past 20 years, they've been the winning strategy too, but one just has to know that this can't last forever. It's getting pretty stupid. But again, everyone's been complicit in absolutely pummeling people with conservative financial stances, and whelp, here we are.