Many have allowed their lifestyle to exceed their income while also borrowing 6 figures from banks just to live in their home. Because of this they have outsourced their decision making to their Debt holders, which then means they would have to sacrifice their lifestyle which many aren't willing to do.
If 2008 didn't shake you to get out of debt, this certainly will.
I understand that, but even in hone buying, I live in a very small home compared to my income. But now I own it. I know people who make 1/4th what I do who lives in a bigger house.
Im an extreme example, but if i take my sqft of my home and divide it by my yearly salary it comes out to 0.003111. People need to aim at owning
Many have allowed their lifestyle to exceed their income while also borrowing 6 figures from banks just to live in their home. Because of this they have outsourced their decision making to their Debt holders, which then means they would have to sacrifice their lifestyle which many aren't willing to do.
If 2008 didn't shake you to get out of debt, this certainly will.
I understand that, but even in hone buying, I live in a very small home compared to my income. But now I own it. I know people who make 1/4th what I do who lives in a bigger house.
Im an extreme example, but if i take my sqft of my home and divide it by my yearly salary it comes out to 0.003111. People need to aim at owning