Quote:
Originally Posted by SensibleChiefsfan
Then, the bubble burst. I am going through bankruptcy right now. When I get to the other side, I will never, not for as long as I live, take out another loan. Not even a mortgage. I currently have a mortgage.... but once this house is paid off... I won't do it again.
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Man, some people get burned and they go from one extreme to the other extreme. Both extremes are silly.
Debt can be a useful tool in some circumstances, like a chainsaw. If you don't use it responsibly, you can cut your arm off. That is not the chainsaw's fault.