Maybe we could all buy Buckingham Palace if only we had a mortgage of 100,000 years.......the debt ends up as someone elses problem.....and they're not even born yet.....in fact their grandparents aren't probably even born yet.
Long gone the days that we enjoyed.....taking out an 80% mortgage...(20% down payment) ...for £3,340 total and paying it off in 17 years of a 25 year mortgage......whats it worth now ?.....maybe £750,000......all achieved by doing 6 months of solid night work.....living like an hermit on less than £4 a week and saving the rest.....and buying a property 3 months before we got married.