Quote:
Originally Posted by JABCAT
I agree. I don't like paying more for something (interest) than it actually costs, regardless of the low interest rate. The justification people make is "I'm making more on my money than I'm paying in interest". Ok, but you're still paying more for something than it actually costs. To me paying interest on a depreciating asset is worse than paying cash for it. But I work to not carry any debt, except for my home which has several hundred thousand in equity currently and we're working to pay that off early.
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Different strokes for different folks.