If I can afford a house in a location with better schools, better job opportunities, less crime, etc… taking a loan out is worth it, imo.
Exactly the negative (the debt you accrue) is smaller than the positive things you can do with the equity. [/quote]
That’s gonna be pretty subjective and it’s the availability of debt that allows for this positive situation. You’ve also just demostrated that this:
Debt is not inherently a bad thing; although, most forms of debt are ill advised.
The real discussion, as it pertains to the national debt, should be centered on how much debt is too much. [/quote]
No, this is completely false. Dept is bad. It is always bad.[/quote]
Is not the case.
What is the alternative? Live in an apartment and always owe someone. Live with your parents (who probably financed their house), which sounds wonderful. Live on the streets.
You are admitting exactly what I’m pointing out. Debt as a thing is always really bad. You can sometimes argue that associated positives in a transaction out weigh the negative that is the debt.
And while this sounds like a sematic argument the myth that there is positive debt is one of the things that’s most wrong with this country. [/quote]
No, I’m not. Debt as a thing is not always bad. Scroll up… Debt can lead to all sorts of positive outcomes, which means, survey says, it isn’t’ inherently bad. It is just a tool.
When a gun is used is is too either injure or kill another person. Is it inherently bad?
I never said anything about “positive debt”. Debt is a tool that allows for positive outcomes. That’s it.
Per your example home debt is “positive” right? Until market values stop going up, then what? [/quote]
Then you still get to live in a house instead of on the street… Why does a house have to apprecaite in order to be considered a good investment? Also, house’s have historically appreciated as they are yet again.
Specifically the act of owing is always bad. [/quote]
No it really isn’t and honestly it’s a ridiculous notion.
The act of owing but getting something you value higher in return can be seen as positive. [/quote]
No one said anything about positive debt except you.
This is ridiculous. [/quote]
“Debt is not inherently a bad thing”
I’m not being clear, because I never said don’t by the house. I never said the total net of a transaction involving debt is negative (actually the opposite). But the debt is ALWAYS a negative term in every transaction. There is no “not bad” debt. Debt is inherently a bad thing. Listing out the positives and negatives of a transaction debt ALWAYS goes in the negative column.