Quote:
Originally Posted by Phanuthier
Really? It couldn't be any worse at all?
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Challenge accepted.
I have a pickle sandwich which is exactly like a mortgage.
On the serious side, how are student loan debt and mortgage debt so different Realtor1? In both cases a bank gives you money because you don't have enough to purchase what you want. You will hopefully receive more cash into your pockets when the process is complete. For a house it's selling it and for university it's earning more money than when you started. Both can go wrong, with a house being bought at the peak and being sold during a recession; and with a degree the student might not finish it or not be able to find a job. Both can then result in the person moving back in with their parents.
Either way if it's a house or a degree, both require money to be paid back, giving the definition of a debt.