Deephaven Posted April 30 Share Posted April 30 56 minutes ago, Sled_Hed said: Yes, we wanted a house so we are in debt. That's our only debt though. If it is worth more than you owe than that isn't really debt. Things that appreciate are investments. Obviously houses can be shitty ones compared to others but calling that debt is more of a stretch. Stuff others put on credit cards to put in said house are the problem. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 30 Author Share Posted April 30 1 hour ago, Sled_Hed said: Yes, we wanted a house so we are in debt. That's our only debt though. and you likely bought one you can actually afford... ? we base our household budget on the income of one. Quote Link to comment Share on other sites More sharing options...
Sled_Hed Posted April 30 Share Posted April 30 1 hour ago, Deephaven said: If it is worth more than you owe than that isn't really debt. Things that appreciate are investments. Obviously houses can be shitty ones compared to others but calling that debt is more of a stretch. Stuff others put on credit cards to put in said house are the problem. Correct. It's worth 2 or 3 times what we owe even after adding on in '21. 51 minutes ago, Crnr2Crnr said: and you likely bought one you can actually afford... ? we base our household budget on the income of one. Yes, we bought in '11 so not long after the big foreclosure crunch in 08. We did a similar thing when we bought, I wanted to make sure if worst case scenario and one of us lost pur job we could still afford it. 2 Quote Link to comment Share on other sites More sharing options...
jonlafon1 Posted April 30 Share Posted April 30 19 hours ago, snoughnut said: This country has been in debt forever Not true 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 30 Author Share Posted April 30 10 minutes ago, Sled_Hed said: Yes, we bought in '11 so not long after the big foreclosure crunch in 08. We did a similar thing when we bought, I wanted to make sure if worst case scenario and one of us lost pur job we could still afford it. and neither of us have brand new sleds? Quote Link to comment Share on other sites More sharing options...
Sled_Hed Posted April 30 Share Posted April 30 1 minute ago, Crnr2Crnr said: and neither of us have brand new sleds? We must be loozers! Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 30 Author Share Posted April 30 24 minutes ago, Sled_Hed said: We must be loozers! totally Quote Link to comment Share on other sites More sharing options...
snoughnut Posted April 30 Share Posted April 30 5 hours ago, jonlafon1 said: Not true Yes, sorry there jonlafool The U.S. has carried debt since its inception. Debts incurred during the American Revolutionary War amounted to over $75 million by January 1, 1791. Over the next 45 years, the debt continued to grow until 1835 when it notably shrank due to the sale of federally-owned lands and cuts to the federal budget. 1 Quote Link to comment Share on other sites More sharing options...
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