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Embedded Software Engineer - Sydney

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As long as the mortage rates are low and the banks allow a 80-100% mortage and the house prices stay the same / climb a little this should not be an big issue on such salary.

AFAIK the NL is one of the very few (only) countries where you can get a 100% mortgage on a house (and that percentage used to be much higher!).

In most eastern European countries this is possible. Because house prices are high in those countries but the wages are low.
CZ and the like allow 100% for 2% interest rate or so. I'm also pretty sure this is the same in the south European countries like spain, portugal, italy and france.

In western Europe there have been efforts to prevent banks giving irresponsible 100% mortgages that rely on interest rates staying low forever to work. We want to avoid another financial meltdown.

User "Soundwave" is yet another Mojo-chan sockpuppet account. Banned.


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