PPRuNe Forums - View Single Post - Leaving the UAE with car and property loans outstanding
Old 21st Aug 2020, 09:57
  #31 (permalink)  
Fired600
 
Join Date: Jul 2020
Location: Changes
Posts: 217
Likes: 0
Received 0 Likes on 0 Posts
FlyTCI

So how does that fit in with people not at the age of 60?
I had plans that would have put me in the position to do exactly as you say. It then puts you in a position where you eat your future to fund the present. That said, fortunately I didn’t load myself up with credit cards car loans and the like.
Someone with a mortgage has hefty debt and with the current climate in the UAE property is rapidly falling. Someone in financial straights at the moment hasn’t necessarily been financially stupid, they may have done the right things but been in the wrong place at the wrong time.
Fired600 is offline