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Real Estate
Reply to "Generation Y and Real Estate requirements"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Also, I am married to a financial planner and most would advise you that student loan and mortgage debt is good debt. It is often better to be in debt than cash-poor. What you don't want is credit card debt. [/quote] Actually, there's been a lot of talk about this "good" debt and "bad" debt concept. At this point the general consensus is there's no such thing as good debt. All debt is bad.[/quote] Just because you claim this doesn't mean you are right. Debt is just a tool and you can use it well or you can make mistakes with it. Worse than making payments on a house is owning it outright when you need liquid assets. If you pay your mortgage early but then you lose your job, your bank isn't going to give that money back.[/quote]
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