Previous generations could have low IQs and have bought a house easily. The hard part was to avoid over-leverage yourself and blowing up during recessions.
For my generation, not only do you have to over-leverage yourself to live in a shelter, but you need to work and invest in order to do so.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Previous generations could have low IQs and have bought a house easily. The hard part was to avoid over-leverage yourself and blowing up during recessions.
For my generation, not only do you have to over-leverage yourself to live in a shelter, but you need to work and invest in order to do so.