An example: for me, I’d happily go into debt to travel, or make sure my son has a good education.

  • phanto@lemmy.ca
    link
    fedilink
    arrow-up
    55
    ·
    11 months ago

    A cure to whatever the heck is wrong with me! Hell, even a diagnosis would be nice…

  • RBWells@lemmy.world
    link
    fedilink
    arrow-up
    17
    ·
    11 months ago

    A house, because we were paying rent anyway. My car, it’s paid off now and I couldn’t have made as much $ without it.

    But we are up to our eyeballs so it would have to be something incredible. A business with no possibility of failing, maybe.

  • Kalkaline @leminal.space
    link
    fedilink
    arrow-up
    18
    arrow-down
    1
    ·
    11 months ago

    I’m actually pretty happy with my mortgage. I got a good deal in 2013 and refinanced to a 15yr at 3.25% a couple years ago. It’s the definition of “good debt” because inflation and my home’s value has way out paced the interest.

    • GR4VY@lemmy.worldOP
      link
      fedilink
      arrow-up
      8
      ·
      11 months ago

      Man, if I could’ve purchased a house in 2013 I would’ve. I was graduating high school though lol

      • Kalkaline @leminal.space
        link
        fedilink
        arrow-up
        6
        ·
        11 months ago

        I know I was super lucky. I look at home prices today and what it would take for me to get there and just shake my head.

        • GR4VY@lemmy.worldOP
          link
          fedilink
          arrow-up
          3
          ·
          11 months ago

          I’ve given up. The interest rates are ridiculous, and home prices where I want to live (anywhere in the western USA pretty much) are insanely inflated.

          • Kalkaline @leminal.space
            link
            fedilink
            arrow-up
            2
            arrow-down
            1
            ·
            11 months ago

            There are some deals to be had, but you’re buying in high crime and impoverished areas or in rural areas and you have to hope development will follow.

    • chepox
      link
      fedilink
      arrow-up
      2
      ·
      11 months ago

      OMG. I got 8.95% for a 25yr mortgage and it was an awesome deal. Market was about 13.5%. Your numbers are really just free money from where am standing.

  • bluGill@kbin.social
    link
    fedilink
    arrow-up
    14
    ·
    11 months ago

    Nothing. I hate debt. I have a house payment as for me it is a better deal than rent, but i’m not happy. I’ll probably get a car loan when the id.buzz comes here, but i’ll hate it.

    Debt that makes money work for you is okay, but most doesn’t do that and is a bad deal. I have no interest in running a business, and if you don’t make money because of it, debt cannot work for you. (I.could pay cash for a.tiny home in middle of nowhere places that I prefer not to live)

      • Tolookah@discuss.tchncs.de
        link
        fedilink
        arrow-up
        7
        ·
        edit-2
        11 months ago

        I would assume “survival essentials” are enough for the planet in question, and not just a sleeping bag and beef jerky

        Edit: before anyone argues, it CAN include a sleeping bag and beef jerky.

      • atlasraven31@lemm.ee
        link
        fedilink
        arrow-up
        2
        ·
        11 months ago

        Not necessarily Earth-like. A lunar or martian outpost would be enough. Enough water, food, and air for 50+ years.

        • GR4VY@lemmy.worldOP
          link
          fedilink
          arrow-up
          2
          ·
          11 months ago

          If I didn’t have earthly attachments (child), I’d ask to be part of your 20.

  • RGB3x3@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    ·
    11 months ago

    If my daughter were to need any medical procedure, I’d take on as much debt as necessary. I don’t give a fuck, I’m getting her fixed no matter what.

    • GR4VY@lemmy.worldOP
      link
      fedilink
      arrow-up
      4
      ·
      11 months ago

      I know the world is full of people with similar issues, but I wonder if you’re my best friend 😅 you speak like him, and he also has a hernia needs fixing.

  • donuts@kbin.social
    link
    fedilink
    arrow-up
    2
    ·
    11 months ago

    A home, for sure.

    Expanding my business a bit would be reasonable.

    Probably a car, even though it’s not always financially a great idea.

    Any other big purchase that would enrich my life in some way (for example, broadening my education, getting a piano, traveling, putting together a family, etc.)