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by tempestn
2329 days ago
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Avoid credit card and other interest debt yes. But a blanket ban on mortgage debt is foolish. Sometimes it makes more sense to buy and sometimes to rent; there are multiple factors to consider to determine which is better. But there's nothing wrong with a mortgage when buying within one's means and when buying makes sense. (IE reasonable price to rent ratio, no plans to move for say 5+ years, etc.) |
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