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Bobby Loo
China Unvarnished
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Comments by "Bobby Loo" (@BobbyLoo-jr8ys) on "Over 50% of Chinese Men Are Facing a Survival Crisis" video.
The number 1 problem is buying a house with mortgage. Mortgage breaks family. When the man loses the job, the wife always believe it is the man's job to pay off the mortgage. Imagine there wasnt any mortage, there will be no finanical pressure to pay the mortgage with interest. It is a HUGE burden by having mortgage. If one can not pay 80% of the down payment for a property, the risk is very high. Why play such high risk game. Pay 80% down, and mortgage 20% is doable. Not pay 20% down and mortgage 80%. Those that have huge mortgage are gambling their future, especially family with kids and wife.
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TOo many ppl believe that degrees can get good jobs. They are gravely mistaken.
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