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I have $150k in mortgage debt on a house worth about twice that. Plus a couple more years car debt.
What really gets me is my health insurer severed relations with the county in May and I got hospitalized two weeks ago. So now I will owe the $8,000 out of network deductible. That pisses me off.
200k student loans, 110federal, 90k private
None. Just my house.
I have a credit card bill but it gets paid off regularly.
No debt since we're only now looking for houses (yes yes, great timing, I know...) and I frankly wouldn't know what else I would need to spend so much money on that I would have to go into debt.
Well congrats on no debt! hopefully you'll find a good deal somewhere!
About £30k on a mortgage. I'm 49 and bought a house with my wife in 2009 for £105k, sold that for £150k. Bought another one in 2019 for £220k.
Apart from that, never really in debt. Owing money bothers me, apart from fines but I don't consider them as debt.
This is essentially the same as me. I owe around £40k on a mortgage and my wife has student debt that she'll never have to repay. Other than that zero debt. I don't do debt and I like that I'm, more or less, debt free (mortgage doesn't really count imho.)
What's "bad" debt? What's "good" debt?
No debt is good, but a mortgage is at least not bad if it's affordable.
Debt you've used to make profitable investments
Only debt we have a mortgage we owe 226k on. Cars are owned outright and were paid off early. Student loans we paid off early. We generally live below our means. CC's are used for general purchasing and paid off in full each month. They are basically a stop-gap for fraud protection.
Approximately 1.5k
Had to replace some shit around the house unexpectedly, and credit was the only route there.
Like you, it's the only debt I have other than mortgage, though I suspect in going to end up having to take on some fire a vehicle swap soon-ish
