The Triumph of Y
Utopian or Tragic?
- Matthew Stewart is a former management consultant and an author whose most recent book is The Management Myth: Why the “Experts” Keep Getting It Wrong (W.W. Norton, 2009).
Signing a 30-year commitment is absurd. Can you guarantee your income will be uninterrupted for 30 years? It worked in the previous generation, when Dad worked at the same factory for 40 years and retired. Those days are gone. 80% of all mortgages are never kept to maturity. Triple the price of the property when you add interest for 30 years in. It's only worth it if the property doubles in value every ten years. Those days are gone.