Technology

Mortgages in terms of years of working life

Buying a house is often confusing and complex, compounded by a dollar sign followed by too many commas and zeros. So John Nelson broke it down to something more simple. How many annual salaries would it take to buy a house? He applied it to his own family situation and then expanded it to the country on a county level.

Of course that’s not how mortgages actually work. It’s much worse than that. But this was the concrete visual of the trade required to land a house. I felt the Nelson family had no future there, if our plans in any way involved home ownership.

How many working years will it take you?

About the author

IGCadmin

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *