4 ms·
How are you quantifying this? I've spent most of my life very middle class and I always had to pay rent, but I only rarely had to borrow money.
by dasil003 5y ago
How are you quantifying this? I've spent most of my life very middle class and I always had to pay rent, but I only rarely had to borrow money.
- djbusby 5y agoRent is a payment to borrow property. Property = Capital.
- pydry 5y agoMy parents were similarly middle class. They bought an enormous asset on credit and spent ~4x its purchase value on interest payments. This was pretty normal back when interest rates were high.
- nemothekid 5y agoBuying a house is usually done with a mortgage which is also borrowing money