Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (318286)	1/8/2007 11:51:33 PM
From: TimF	Respond to of 1574002

I agree that its worth going into debt having your own home rather than renting your entire life. But that is simply the lesser of two evils. I wouldn't look at either as evil, but rather than endlessly debate the phrasing I'll go with it for now. If debt enables you to avoid an "evil" then it can be a good thing. If the net benefit of avoiding the "evil" is greater then the net cost of the debt than going in to debt was a good idea. And its not just mortgages that make sense, borrowing money for education or training, or to purchase an appreciating and/or income producing asset, or to deal with an emergency, can be a very good thing. Yes the debt in and of itself is bad, but the debt doesn't exist in isolation, it can be the result of a considered and wise decision where the positives outweigh the negatives.