not exactly like a mortgage....
of course the point of a mortgage is that you borrow a large amount up front to buy an asset, and then pay it off year by year out of your earnings so that the debt continually falls.
Personally I'd be a bit worried if, in the year when I earned more than I probably will again for years and years, my mortgage debt actually increased....
Posted By: Tricky Hawes on October 7th 2005 at 10:09:07
Message Thread
- Well Sorry Mr Doncaster... (NCFC) - Martin Peters, Oct 7, 09:52:56
- Yeah, but it's managable debt isn't it. (NCFC) - Arizona Bay, Oct 7, 10:08:06
- and i thought... (NCFC) - Riverking, Oct 7, 10:06:14
- Idiot (NCFC) - ghostof barry butler, Oct 7, 10:06:14
- I Hardly Think My Reaction Merits Being Called An "Idiot"! (NCFC) - Martin Peters, Oct 7, 11:31:46
- Exactly. Arsenal have a similar arrangement for 300 million. (NCFC) - yarmyyarmy, Oct 7, 10:19:55
- not exactly like a mortgage.... (NCFC) - Tricky Hawes, Oct 7, 10:09:07
- Don't worry, it'll drop... (NCFC) - Delveg, Oct 7, 09:59:36
Reply to Message
In order to add a post to the WotB Message Board you must be a registered WotB user.
If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.