Quote:
Originally Posted by Sliver
A mortgage is absolutely debt. Particularly because people often overbuy homes and they also consolidate debt into a mortgage. Debt free means not having any debt of any kind IMO.
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I think that's being overly simplistic. Someone who owns $1,000,000 home but only has a $200,000 mortgage isn't "in debt", they have a debt, but their assets significantly outweigh their liabilities.