Quote:
Originally Posted by mykalberta
40K per person debt - other than the student loans that will be done in October, I am debt free (other than mortgage). I dont consider the mortgage a debt because my home is worth more than what I owe so if push comes to shove I would sell and come out ahead.
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From what I can see:
http://www.cbc.ca/money/story/2010/0...ce-vanier.html
I would guess that number is actually averaged per every man, woman, AND
child.
And of course, the above quote blows up when prices are coming down and people can't sell. But hey, that can't happen with real estate - prices always/can only go up and you can't go wrong investing in real estate . . . like ever!
