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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
Skidmore (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:24 AM Original message |
Who created the myth of "good debt?" |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:27 AM Response to Original message |
1. It's generally good to finance capital expenditures with debt |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:29 AM Response to Reply #1 |
5. Depends |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:32 AM Response to Reply #5 |
8. No, I think you missed my point |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:37 AM Response to Reply #8 |
12. You get a return on a capital investment |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:53 AM Response to Reply #12 |
18. Not from an accounting standpoint you don't |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 12:31 PM Response to Reply #18 |
29. I'm an auditor of 7 years |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:28 AM Response to Original message |
2. Probably the same asshole who sold equity appreciation |
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LARED (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:28 AM Response to Original message |
3. Good debt is the type |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:29 AM Response to Original message |
4. That is silly. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:30 AM Response to Reply #4 |
6. The ROI has to be higher than the interest rate |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:33 AM Response to Reply #6 |
9. Of course but that is a far cry from saying no debt is good. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:34 AM Response to Reply #9 |
10. If you view the business environment friendly |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:36 AM Response to Reply #10 |
11. Another foolish sweeping generality. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:39 AM Response to Reply #11 |
15. We'll see |
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rug (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:31 AM Response to Original message |
7. Alexander Hamilton |
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izquierdista (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:38 AM Response to Original message |
13. The people who own it |
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Mist (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:39 AM Response to Original message |
14. Well, to the people who loaned the money, debt is good, as they're making interest on it. nt |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:49 AM Response to Original message |
16. It only works if the asset appreciates at a rate greater than debt service. |
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Coyote_Bandit (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:51 AM Response to Original message |
17. Probably some frickin finance professor |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 07:55 AM Response to Reply #17 |
19. Keeping a balance has nothing to do with credit history. |
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Coyote_Bandit (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 09:11 AM Response to Reply #19 |
22. Ummmm...... |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 09:17 AM Response to Reply #22 |
23. That is the point. That is 100% not correct.. |
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Coyote_Bandit (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 09:42 AM Response to Reply #23 |
24. Ummmm...... |
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ejpoeta (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 08:22 AM Response to Original message |
20. i assume good debt is anything considered an investment... like a house |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 08:34 AM Response to Original message |
21. I consider my mortgate "good debt" |
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Skidmore (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 10:39 AM Response to Reply #21 |
28. I consider my mortgage as |
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immune (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 09:47 AM Response to Original message |
25. creditors |
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Forkboy (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 10:03 AM Response to Original message |
26. It's inherently built into our monetary system by the Federal Reserve. |
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Swede (1000+ posts) Send PM | Profile | Ignore | Tue Jun-01-10 10:05 AM Response to Original message |
27. Well it's the opposite of bad debt- revolving intererest (credit cards). |
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