Quote:
Originally Posted by Unregistered
The risks seem minimal to me, since their jobs are safe. They can save $160k a year, which means they can pay off their loan in 6 to 7 years, if they want to, or even under 6 years, if they use their cash buffer.
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The critical factor to their decision is their jobs. How old are they? Which industry they are in? How confident they are with their high paying jobs? These are the questions they need to ask themselves. It is all about managing their risks. In a crisis, many high paying executives lose their jobs and you will see high end condos crashing from $1.5m to $500k. If they are willing to take the risk, then they should proceed and they should not blame anyone whatever the consequences. We are all adults.