Quote:
Originally Posted by photon
I guess people feel a mortgage isn't debt because it's secured against something they consider an asset? Or why would someone consider their mortgage not to be debt?
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I obviously can't speak for everyone in that thread, but in the context of that thread where people talked about being "debt free", I landed on the side of "well, depending on the context. I wouldn't consider someone who has a $200,000 mortgage on a $1,000,000 house to be 'in debt'" because their overall net worth is so positive. It was more a backlash against the idea that being "debt free" is the be all the end all.