3 ms·
By comparison my mortgage is 3 times my income, and that's not a high level. Of course the other issue is that my personal "gdp" runs out when I retire - thus
by iso1631 6y ago
By comparison my mortgage is 3 times my income, and that's not a high level.
Of course the other issue is that my personal "gdp" runs out when I retire - thus I have to pay capital as well as interest to continue to own the asset afterwards. That doesn't apply to countries.