I wouldn't say all Asians are debt adverse. There really are two types. The stingy type, and the go all out investing type. My gf's the latter. She's got several investment properties, and a ton of money in stocks, yet she still carries a mortgage on her house. Her thinking is, your mortgage is basically the cheapest way to borrow money. High risk high reward I guess. That said, she's done pretty well for herself so far (way better than stingy me), so who am I to question her.
|