Keeping in mind that I voted "Yes" and absolutely consider my mortgage to be debt, it seems like some people in this thread are treating all debt equally. Consider the following example: who of the following has a worse financial situation (assume they have the same income):
1) John has no consumer debt but owns a home valued at $300k with $200k worth of principle remaining on his mortgage
or
2) Mary has no mortgage debt (she lives in a rented apartment) but owes $100k in various consumer debt (credit cards, car payments, etc.)
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