Originally Posted by
Flex88
Doesn't that sound nice and safe.. Put ALL your eggs into one basket then add ALL your parents eggs into the same basket just to buy a 600 sq/ft shoe box with a 30 year mortgage.
And what exactly happens say when he gets sick for a year with no income or say if the property market corrects 50% in the wrong direction.. Same thing happened with the fuel hedging nerds.. This is where peoples lives get ruined.
At least HK has a very large social housing sector. In other big cities there isn’t even that - look at the stories in London of overcrowding/ people living in garden sheds