4 ms·
If they had a $600k household income they'd have a more expensive house and exactly the same problem. Anyone who works for a living either has to save a large
by foldr 6y ago
If they had a $600k household income they'd have a more expensive house and exactly the same problem.
Anyone who works for a living either has to save a large chunk of their income or risk everything going to pot if they lose their jobs. I can't feel too bad for this couple because – unlike many Americans – they literally could save half their take home income and still live comfortable lives by most people's standards.
They don't need a five bedroom house. They've chosen to take on a certain degree of financial risk by taking on a large mortgage rather than saving.