Thursday, October 8, 2015

Is having a family basically impractical?


The cost of raising a child is about the price of a property, i.e. You need to finance 2 homes for 1 child (1 for the real home for the family) and 3 homes for 2 children, when one can hardly make ends meet just to mortgage one home.

That would be 20 years to mortgage 2-3 homes. If you have more than one children, your wife is more likely to be a stay home mom, i.e. One more person to support. A 2 children family probably need to support 3 persons or mortgage 4 homes for 20 years.

But you also need to support yourself, another mortgage. I.e. The cost of a 2 children family would be equivalent to mortgaging 5 homes continuously for 20 years.

But mortgaging basically is also impractical when no one can be certain of continuously having a job for 20 years.

How can you possibly support and have a family then?

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