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That is all fine and well during a property bull cycle (which admittedly we've had for the last decade plus in the UK). But equally property really ties you do
by doc_holliday 10y ago
That is all fine and well during a property bull cycle (which admittedly we've had for the last decade plus in the UK).
But equally property really ties you down if you are dependent on paying a mortgage. If you live somewhere with not huge demand for rental, then you cannot leave your job.
Mortgages and property prevent many people from taking time off, I could tell you of loads of people I know who cannot take time off because they need their monthly wage for mortgage.