Quote:
Originally Posted by bubbsy
i think in this day and age, it's almost impossible for everyone in the middle and upper middle classes to have mortgage debt well into their 40s or 50s.
That being said, in my opinion, there's good debt, then there's bad debt.
I'd consider student loans, and "smart" mortage debt (ie. not a debt outside of what you can afford), as examples of positive debt, and things like car loans (depreciating asset) debt, and credit card debt the problem areas.
|
Why would it be almost impossible? Are you saying that everyone in the middle and upper classes would have their mortgages paid off by the time they turn 39? Do you mean "to not have"?
If your statement was correct, I don't understand.