With interest rates this low, the annual mortgage interest on $500,000 of mortgage debt is less than the cost of one child in full-time daycare.
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I’m not making the claim that either is affordable, but I would say that it’s easier to afford a million dollar house than it is to have two kids in daycare now.
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Replying to @EconomPic @conorsen
Daycare loans collateralised with your kids.
12:15 PM - 28 Dec 2020
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