I don't agree with the statement in the beginning where you say no debt is as bad as too much debt. That is such an absurd statement. I can agree that someone needs an emergency fund and they should fully fund their retirement accounts before sending extra toward their mortgage, but a paid off home is security no matter what the economy happens to be doing. 100% foreclosures happen with homes with a mortgage. If more people had paid off homes, we would not be in this mess today.
I don't agree with the statement in the beginning where you say no debt is as bad as too much debt. That is such an absurd statement. I can agree that someone needs an emergency fund and they should fully fund their retirement accounts before sending extra toward their mortgage, but a paid off home is security no matter what the economy happens to be doing. 100% foreclosures happen with homes with a mortgage. If more people had paid off homes, we would not be in this mess today.
stemikger 1 month ago