Hailing from a country with a weak currency and high, volatile interest rates I'd say this environment produces a certain disgust towards borrowing money. This

Hailing from a country with a weak currency and high, volatile interest rates I'd say this environment produces a certain disgust towards borrowing money. This is further reinforced by past, ultimately disastrous attempts at going around the problem of high interest rates, like taking a mortgage indexed to CHF. And it's only going to get worse now that interest rates ballooned to values unseen for a decade in a span of months.