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, Oct 7, 10:09:07