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    ged interest at around 5% pa, although even less for many, and inflation rates at under 3% pa, whilst their property increases in value
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    Without doubt, borrowing money does have positive traits. For example, personal debt has helped to dramatically raise living standards in many western economies. It has enabled many millions to own their own homes, travel the world and start businesses. Seen under such a light, borrowing money has to be a good thing.

    The recent experience of low inflation and low interest rates has enabled many people to purchase a property using mostly borrowed money and benefit as the property value rises. These people have seen their mortgage charged interest at around 5% pa, although even less for many, and inflation rates at under 3% pa, whilst their property increases in value b

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    n many western economies. It has enabled many millions to own their own homes, travel the world and start businesses. Seen under such a light, borrowing money has to be a good thing.

    The recent experience of low inflation and low interest rates has enabled many people to purchase a property using mostly borrowed money and benefit as the property value rises. These people have seen their mortgage charged interest at around 5% pa, although even less for many, and inflation rates at under 3% pa, whilst their property increases in value

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    light, borrowing money has to be a good thing.

    The recent experience of low inflation and low interest rates has enabled many people to purchase a property using mostly borrowed money and benefit as the property value rises. These people have seen their mortgage charged interest at around 5% pa, although even less for many, and inflation rates at under 3% pa, whilst their property increases in value

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    e to purchase a property using mostly borrowed money and benefit as the property value rises. These people have seen their mortgage charged interest at around 5% pa, although even less for many, and inflation rates at under 3% pa, whilst their property increases in value
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    ged interest at around 5% pa, although even less for many, and inflation rates at under 3% pa, whilst their property increases in value by 15% or 20% annually.

    These gains are magnified by the borrowed money. A purchaser might only have invested a small amount in the property as a deposit, yet their net worth is increasing relative to the value of the home rather than the value of the deposit. In investment, this is known as leverage. Whilst personal debt adds to the rewards, it can also add to the risks.

    Those of us who fear personal debt and have strived to avoid it have been had much cause for regret.

    Of course such low interest rates are available part

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