Re:South Africa's national electricity crisis to worsen
by damagednoob on Sunday November 20, 2022 @04:25PM
(#33685510)
> ...in places like the US it is considered normal to have a 30yr mortgage...
Check the historical interest rates of the US/UK vs SA for why that exists.
Sure[1], which is why I periodically check what standard of living I can expect if I emigrate to any of the countries I've visited.
I'm frequently shocked that in places like the US it is considered normal to have a 30yr mortgage (I took a 15 year one, and am on track to pay it of in 10 years).
[1] High level of crime, low level of service delivery, shortage of opportunities for my kids, etc. I'm not blind, you know.