People wrongly assume that the amount the bank will loan them is also the amount they can afford to pay.
THAT is quickly becoming an issue. Kids have a hard time seeing they don't have to keep up with the Joneses.
The kids today are less into mortgages than previous generations.
I'm not sure about that, I haven't looked into it. I'm talking about consumer goods.
We all spend too damn much on consumer goods.
I think thats where all this debt is from.
I did read where the young folks are buying homes less often....preferring to rent.
