3 ms·
>60 year credit plan Don't be disingenuous, the fact that home ownership is high indicates that the housing is cheap, and cheap housing dosen't require a "60 y
by Aurelius3 5y ago
>60 year credit plan
Don't be disingenuous, the fact that home ownership is high indicates that the housing is cheap, and cheap housing dosen't require a "60 year" credit plan to obtain. Indeed, I would wager it is the countries with lower home ownership rates that require a large mortage and high debt to pay off.
- fxtentacle 5y agoAt the moment, you can borrow large amounts of money at ridiculously low interest rates. That's why people can pay more. But that doesn't imply that they can ever pay it off.