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: TimF who wrote (319581)	1/9/2007 8:58:58 PM
From: tejek	Read Replies (2) \| Respond to of 1573922

Having said that, my point still stands.......we pay a lot of interest for the privilege of having a mortgage. That fact is certainly true, but I'm not sure what point you are trying to make based on it. It doesn't support your earlier claim that "debt is always a negative". A house is worth $100K. Taking out a 30 year mortgage results in a total payout for principle and interest of $150K. That's $50K more than the house was worth at the time of purchase. In that way, debt is negative. But taking on debt can be a good idea, even a very good one in certain circumstances. How? Because interest rates are low? "Borrowing money is cheap"? It would still be better to pay entirely with cash.