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Travel Discussion
Reply to "Is life really better in Scandinavian countries?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Here’s an article on personal debt in scandanavia: https://theloop.ecpr.eu/why-northern-europe-is-so-indebted/ When my mom recently bought a condo it was in cash. My friends in Sweden didn’t even know what I was talking about. Everyone has huge mortgages. The state provides most benefits so individuals aren’t trying to build wealth. Instead it’s about getting as much from the government as you can and taking on the max amount of personal debt you can afford. [/quote] With the exception of a few trust fund babies, most everyone I know in the DMV has a huge mortgage too…[/quote] But this isn’t true across America. [b] Over 40% of homes don’t even have a mortgage[/b]. [/quote] That's because they're owned by boomers, who bought them in the 70s or early 80s. [/quote]
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