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06.02.08, 10:14 AM General Topics
17 replies
Approx. how much debt are you in? Be honest. [ Reply | Watch | Flag ]
General Topics 06.02.08, 10:14 AM Flag
 

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consumer? about 1200. student loan? about 30K [ Reply | More ]
General Topics 06.02.08, 10:15 AM Flag
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None! Except a Morgage--400,000K [ Reply | More ]
General Topics 06.02.08, 10:16 AM Flag
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Uh. That counts! [ Reply | More ]
General Topics 06.02.08, 10:28 AM Flag
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np: a lot of people would argue that if you have a $1M home and owe $400K on it, that you are not in "debt." Or at least they would make a distinction between that debt and credit card/other debt. [ Reply | More ]
General Topics 06.02.08, 10:47 AM Flag
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Um no. You may be thinking of enterprise value which is debt less cash, but if you have a $400k mortgage, you have $400k in debt. End of story. [ Reply | More ]
General Topics 06.02.08, 10:52 AM Flag
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of course, debt is an "obligation to pay...." yada yada yada. But if your debt is for an asset of greater value -- people are going to look/think of this differently. [ Reply | More ]
General Topics 06.02.08, 11:09 AM Flag
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mortgage, student loans, credit cards - almost 500k ouch. [ Reply | More ]
General Topics 06.02.08, 10:17 AM Flag
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mortgage $750k on 2 houses [ Reply | More ]
General Topics 06.02.08, 10:19 AM Flag
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well I don't factor Student Loans and mrotgage into my regualr debt becuase those are acceptable debt. For CC, i owe about 2,100. But mortgage is about 310k and students loans is 50k [ Reply | More ]
General Topics 06.02.08, 10:19 AM Flag
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"acceptable debt" LOL- who decided that, where is this list? [ Reply | More ]
General Topics 06.02.08, 10:26 AM Flag
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We have a mortgage but we are net positive (Have more in savings than owe on it) [ Reply | More ]
General Topics 06.02.08, 10:25 AM Flag
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mortgage only 363k (although just closing at the end of the month and plan to pay it down as quickly as possible) no cc debt or other. [ Reply | More ]
General Topics 06.02.08, 10:26 AM Flag
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oh right if I include savings we are net positive too. [ Reply | More ]
General Topics 06.02.08, 10:27 AM Flag
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None but we also rent. [ Reply | More ]
General Topics 06.02.08, 10:27 AM Flag
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ditto [ Reply | More ]
General Topics 06.02.08, 10:29 AM Flag
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tritto [ Reply | More ]
General Topics 06.02.08, 10:35 AM Flag
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0. [ Reply | More ]
General Topics 06.02.08, 10:34 AM Flag
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