Fiscal position?!PFFT! - You don't really believe that do...

Fiscal position?!

PFFT! - You don't really believe that do you?

Imagine you had a job that you COULD NEVER GET FIRED FROM! Income is guaranteed and varies AT MOST between 80K and 120K per year (although the time scale over which it varies is actually slow). AND, over time it increases at 2.5%

Now imagine you have a debt of around 30k (i.e. around 30% of income) at nominal interest.

Would you be worried?

If so, how do you explain so many people getting mortgages of 300K on (non-guaranteed) incomes of around 70k?????