Quote:
Originally Posted by DaFace
$6k down on a $200k house. Now worth about $500k. Such bad debt.
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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.