Quote:
Originally Posted by 8sPOT
A mortgage is absolutely debt. I don't think it matters why the debt was taken on, it's still debt. I could owe $10,000 on my VISA because I wanted to purchase gold, or buy a 2012 Corvette and keep it in the garage for 30 years until it starts to appreciate in value.
At the end of the day, having zero debt beats having any debt at all.
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Realy? I bought a home about 2 years ago, before that I was renting. When I was renting I had zero debt. So by this logic I should have continued renting rather than putting 25% down on a house? I feel that I am now ahead of the game then I was before. Do you feel I should have stayed renting? Sure I have debt but it beats my prior position of having no debt.
By your logic no one should buy a home because no debt = better than having a home? I don't think so.