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[+] 6 points 1 year ago (12 children)
  • [–] 7 points 1 year ago (1 child)

    The average American is living paycheck to paycheck with bad, high interest debt and killer monthly minimums. Many people roll their underwater car loan into a new underwater car loan. The housing market is taking a turn.

    People are mostly broke.

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  • [–] 2 points 1 year ago (4 children)

    I would rather no debt, but I kinda need a house because it's illegal to buy a field and live there in a yurt

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  • [–] 1 point 1 year ago (3 children)

    Come out to the country. Just make sure your field is outside city limits, and you'll probably be fine living there, as long as your sewage doesn't drain into a protected waterway. A 3-phase septic wouldn't be too hard to put in, but it's a lot easier if you'll rent heavy machinery instead of shovels.

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  • [–] 2 points 1 year ago (2 children)
  • [–] 1 point 1 year ago (4 children)

    Just a small correction there: debt can never be good.

    But debt can be necessary, but that is only because some financial institutions have made it so, because many of them make their money from peoples debt.

    So they spread the myth that debt is good, despite the fact that the world would be a far better place without debt.

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  • [–] 5 points 1 year ago

    Absolutely false. Debt is a tool. It's a wealth multiplier.

    You can use tools incorrectly, and that can harm you. But used correctly, they can let you do things quicker and easier than you could have without them.

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  • [+] 5 points 1 year ago (3 children)
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