Most people stuck with mortgage up to their neck because of "low interest" have over extended themselves so much that even a small interest increase can bury them.
In a beast financial system you will lose no matter what. You try to save up to put a good deposit and get better mortage terms? Inflation eats away your savings.
You get low deposit mortgage? The terms destroy you when the winds change even a little bit.
Mortgage is not the problem. Beast financial system is the problem.
When your house is on fire, you may feel uncomfortably hot in the beginning. Its like arguing about how you got yourself cool in the past. You gotta get out of that burning house.
Most people stuck with mortgage up to their neck because of "low interest" have over extended themselves so much that even a small interest increase can bury them.
In a beast financial system you will lose no matter what. You try to save up to put a good deposit and get better mortage terms? Inflation eats away your savings.
You get low deposit mortgage? The terms destroy you when the winds change even a little bit.
Mortgage is not the problem. Beast financial system is the problem.
When your house is on fire, you may feel uncomfortably hot in the beginning. Its like arguing about how you got yourself cool in the past. You gotta get out of that burning house.