Net interest Income! What is that? I believe that is your money and my money servicing the loan every month. Housing loan, car loan, personal loan, and many more loans.... Pity us because we had little choice. You don't borrow you can't pay for an accommodation. Yet that is a basic thing in our life.
The latest episode in the US where the house price drops more than 60% should make the whole world be more vigilant on these loans. I like the story that customer just walk out of a house loan in the US.
Yes you can buy a house but read this "how-much-house-can-you-afford-to-buy" Don't over pay and stress yourself and let someone make easy money on your hard earned salary and be in debt for a life long.
Debt free - life liberating experience - experience it!