Thread: Money How broke are you?
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Old 06-21-2021, 08:37 AM   #757
ChiTown ChiTown is offline
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Join Date: Aug 2000
Location: Flatlands of Kansas
Casino cash: $-401038
Quote:
Originally Posted by DaFace View Post
$6k down on a $200k house. Now worth about $500k. Such bad debt.
Yeah, that’s just ignoring math. He assumes all people don’t understand how to
manage debt. I have a $2MM commercial line of credit with my bank. I could use my money to manage my business, but why would I? My interest rate to borrow vs what I can make on my money in the market is a wide spread.

He’s swallowing far too much Dave Ramsey, which is primarily good for people that can’t manage (or understand) debt.
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Last edited by ChiTown; 06-21-2021 at 08:55 AM..
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