I know this might just reflect financial culture differences across countries, but let’s give it a try

Edit: as a clarification, I meant credit card compared to debit, not to cash

    • Frog-Brawler@kbin.social
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      1 year ago

      When I checked my credit score last month, it was 847. I’m sure I’m doing better than 99% of people in that regard.

      When interest rates are high, there’s less demand and as a result prices are lower.

      Keep listening to Ramsey. This conversation has devolved into something I’m no longer interested in, so I’m checking out… have a good one.

    • JackbyDev@programming.dev
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      1 year ago

      They’re not moving the goal posts from good debt to own vs rent, the reason a mortgage is good debt to have is because it is better than renting. Consider taking out a loan for something that has zero benefit, like a statue or yourself or something stupid. That’s bad debt because it provides no benefit. Being in a home builds equity. Your putting your money into a 30 year hole very slowly but it’s better than a bottomless pit.