Re:Golden Rules for Making Money (1880)
by burlesona on Monday March 25, 2019 @01:00PM
(#19484258)
If you owned a house in 2008, I assure you, you'd feel that your mortgage was real debt.
Or if you ever got laid off.
Or if you ever got injured or severely sick and found yourself with shocking hospital bills.
When life hits you with something like that, suddenly that monthly payment, and the risk of foreclosure, bankruptcy, and severely damaged credit, all looms large over your head like the Sword of Damocles.
Re:Golden Rules for Making Money (1880)
by pm90 on Monday March 25, 2019 @03:26PM
(#19485913)
Sure, but most people who do take on mortgages do just fine. There will be exceptions but on the average, taking on mortgage to purchase a home in the US is generally a safe bet.
Or if you ever got laid off.
Or if you ever got injured or severely sick and found yourself with shocking hospital bills.
When life hits you with something like that, suddenly that monthly payment, and the risk of foreclosure, bankruptcy, and severely damaged credit, all looms large over your head like the Sword of Damocles.
Yes a mortgage is real debt.