Not exact matches
The internet is full of calculators for figuring the maximum mortgage and most expensive
house you can get, but the
housing crash was hardest on owners who had
piled up maximum
debt.
The last few days have been wonderful to watch, as the newly minted Republican Majority in the U.S.
House of Representatives stood up to Barack Obama and his unending desire to
pile mountains of
debt on future generations.
South Africa is grappling with rising defaults on a mounting
pile of unsecured personal loans, high - interest - rate
debt not backed by collateral like a
house or car.
To be sure, Lindsay's very proud of her accomplishments: «I'm saving 20 % of my salary and my
housing costs are just under 30 % of my income, which is nearly unheard of in B.C.» There's just one problem: Her spending surpasses her income every month, and she's
piling up significant consumer
debt.
The
House of Representatives has voted for the Omnibus spending bill, averting a government shutdown (when the Senate goes along), and
piling even more
debt on the backs of the American people.
If you're making $ 120,000 / year with roommates or the other half of a duplex paying for your
housing expenses and you're living frugally on less than half your income while paying off
debt, there's no reason you couldn't be financially free through real estate in 10 years once all that extra savings starts
piling up for you to invest it.