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MattW

America housing crisis 2.0

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I've been following the YouTube Channel 'The Money GPS' for a couple of months now. Videos are 'North American-centric' but this Canadian guy does talk about the UK and Europe as well in past videos. Highly recommended.

Having listened to this one a couple of days ago, one sentence has says is pretty resonating:

From 3:32 :

Quote

WHY are these houses so expensive? Why would it take the average person thirty years to pay back their home? It doesn't make sense. I know the mortgage is 30 years long but there is no reason for it. They want you to be indebted for the rest of your life. That is the intention of having a mortgage....

Rinse and repeat for the UK. <_<

He also discusses the high cost of rent vs mortgage payments.

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On 24/06/2018 at 10:03, MattW said:

I've been following the YouTube Channel 'The Money GPS' for a couple of months now. Videos are 'North American-centric' but this Canadian guy does talk about the UK and Europe as well in past videos. Highly recommended.

Having listened to this one a couple of days ago, one sentence has says is pretty resonating:

From 3:32 :

Rinse and repeat for the UK. <_<

He also discusses the high cost of rent vs mortgage payments.

thank you  for sharing, good podcast

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8 hours ago, Saving For a Space Ship said:

Great vid! 

 I hadn't thought of us students paying off student loans with credit cards, then defaulting on them 

Hmm. That's actually not a bad idea at all - not that I would recommend it. I did have a friend at uni who racked up >£20k in CC debt and ultimately declared himself bankrupt. It didn't seem to have a long lasting negative effect on his later life. Not that I would recommend that either.

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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