OK, well look around. Do you know a lot of people (is it possibly even most of the people you know) who have 2 or more car loans, and at least one home loan?
That's the "norm". That's what "everyone" does (everyone who is in a first world country and has a decent job).
Is that somehow "smart debt"? Really? What's so smart about it?
It is smart for whomever loaned that money out ... they get back free money paid consistently over the years. How is it smart, in 90% of the cases, for the borrowers?
Our culture tends not to see this in the same way fish don't see water.
That's the "norm". That's what "everyone" does (everyone who is in a first world country and has a decent job).
Is that somehow "smart debt"? Really? What's so smart about it?
It is smart for whomever loaned that money out ... they get back free money paid consistently over the years. How is it smart, in 90% of the cases, for the borrowers?
Our culture tends not to see this in the same way fish don't see water.