Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Then I think we should rename it from "mortgage" to "student loans". As long as they keep making minimum payments, this is technically fine.


Misses the point, but sure, "student loans" is a fair comparison. The name doesn't matter to me, it's all debt.

I don't see it as "technically" fine that the rate at which the debt grows consistently exceeds the rate at which the income grows. There comes a point in time in which the principal of the debt is large enough that minimum payments exceed income.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: