Not sure what you mean by the “average person” here but the biggest kinds of debt are mortgages ($12T) and cc debt, student loans, and car loans (roughly 4T total).
Is your position that taking debt to buy a house is bad unless you can sell it for a profit? Is working for the mortgage lender to accomplish that not worth it?
You can avoid it by renting, but then you’re just working for the landlord, so there’s no avoiding it.
Is your position that taking debt to buy a house is bad unless you can sell it for a profit? Is working for the mortgage lender to accomplish that not worth it?
You can avoid it by renting, but then you’re just working for the landlord, so there’s no avoiding it.