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Bobby Loo
China Unvarnished
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Comments by "Bobby Loo" (@BobbyLoo-jr8ys) on "Chinese young people are beginning to not pay social security!College students reduced to waitstaff" video.
The problem with these men, is that, they took out long term mortgage, thinking their job forever. Have they never though of, what if the campany goes under or restructure. Morgage is a death trap. By having a mortage, one becomes the slave for the bank, until it is paid off. After paying it off, the total housing price with interest doubled than the purchasing price.
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Or learn some new skills.
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@transitengineer That is true, but interest alone is also like throwing money out the window each month. For example, most time, your mostly paying interest and little actually goes to the principle.
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