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Saving for your pension if you bought at the height of the boom

T Corolla · 2011-10-29 17:25:10

I have been thinking lately about home owners who purchaesd houses at the height of the boom. Will they be able to save for a pension if they are on the average industrial. I work with a collegue who purchaesed a house for 320,000 who has in the past year had a baby. Considering these factors will he have to work until…

29-10-2011 5:25pm

#1

T Corolla

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Join Date: August 2008

Posts: 471

I have been thinking lately about home owners who purchaesd houses at the height of the boom. Will they be able to save for a pension if they are on the average industrial. I work with a collegue who purchaesed a house for 320,000 who has in the past year had a baby. Considering these factors will he have to work until seventy years of ago to pay off his mortgage and put his son through school. He is married and his wife earns the average industrial wage.

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