this post was submitted on 21 Aug 2023
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They're not moving the goal posts from good debt to own vs rent, the reason a mortgage is good debt to have is because it is better than renting. Consider taking out a loan for something that has zero benefit, like a statue or yourself or something stupid. That's bad debt because it provides no benefit. Being in a home builds equity. Your putting your money into a 30 year hole very slowly but it's better than a bottomless pit.
When I checked my credit score last month, it was 847. I’m sure I’m doing better than 99% of people in that regard.
When interest rates are high, there’s less demand and as a result prices are lower.
Keep listening to Ramsey. This conversation has devolved into something I’m no longer interested in, so I’m checking out… have a good one.
I lost interest when I realized I don’t care if you’re fucking up, and I don’t care if you think I’m wrong either. I don’t want to argue with you. Waste of my time. Like I said earlier, have a good one.