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Reply to "European Expansion: Eye-Opening, Frustrating, and Possibly Not Worth It - Underperforming employee culture"
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[quote=Anonymous]But in Europe, you probably are not taking on a 30 or 40 year mortgage. They're going to renegotiate it every 10 years, but the mindset is to pay it off quickly or not buy a house to begin with. So many in the U.S. are house poor with nearly half their pay going to housing and they can't just get out of it on a whim. The whole mindset in Europe is different. Most don't dream big to begin with. They work to live. Our economy has been financialized. Look at how much Visa takes from a vendor on every purchase. The stores pass that on to you. You pay a lot in the USA for financing and insurance and you get very little from those rackets. [/quote]
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