Inflation will eat away at their debt if they had any sense. $120k in a few decades time will be worth significantly less. Where I live the minimum wage is already $36.8k ($17.70) NZD at the least. Just in the late 80's/early 90's, $40k could have purchased you a home.
Inflation will eat away at their debt if they had any sense. $120k in a few decades time will be worth significantly less. Where I live the minimum wage is already $36.8k ($17.70) NZD at the least. Just in the late 80's/early 90's, $40k could have purchased you a home.
Inflation will eat away at their debt if they had any sense. $120k in a few decades time will be worth significantly less. Where I live the minimum wage is already $36.8k ($17.70) NZD at the least. Just in the late 80's/early 90's, $40k could have purchased you a home.