Comments on: Good debt, bad debt http://2cworth.com/2006/03/14/good-debt-bad-debt/ Building my Internet Worth Fri, 12 Mar 2010 22:09:07 +0000 http://wordpress.org/?v=2.0.2 by: Mighty Bargain Hunter » Equinox week money carnivals http://2cworth.com/2006/03/14/good-debt-bad-debt/#comment-96 Wed, 22 Mar 2006 05:27:31 +0000 http://2cworth.com/2006/03/14/good-debt-bad-debt/#comment-96 [...] Carnival of Personal Finance XL — very well organized, by the way! — is at Money Blog Network member All Things Financial! My post on the recent vote to increase in the public debt limit has a place of honor at the absolute bottom of the carnival. On the way there, you might stop to hear an opinion on good debt vs. bad debt. Next week, Financial Baby Steps hosts!  (Will the youngest bloggers get mentioned first? ) Carnival of Debt Reduction XXVII – seven posts this week, but they were all about debt reduction! I agree 100% with Personal Finance Advice’s decision to stick to the carnival’s knitting so that it doesn’t lose its focus. Among other articles, The NCN Network reports on excellent progress. Next week, Wealth Today hosts! [...] […] Carnival of Personal Finance XL — very well organized, by the way! — is at Money Blog Network member All Things Financial! My post on the recent vote to increase in the public debt limit has a place of honor at the absolute bottom of the carnival. On the way there, you might stop to hear an opinion on good debt vs. bad debt. Next week, Financial Baby Steps hosts!  (Will the youngest bloggers get mentioned first? ) Carnival of Debt Reduction XXVII – seven posts this week, but they were all about debt reduction! I agree 100% with Personal Finance Advice’s decision to stick to the carnival’s knitting so that it doesn’t lose its focus. Among other articles, The NCN Network reports on excellent progress. Next week, Wealth Today hosts! […]

]]> by: AllThingsFinancial » Blog Archive » The Carnival of Personal Finance - Week 40 http://2cworth.com/2006/03/14/good-debt-bad-debt/#comment-95 Mon, 20 Mar 2006 07:41:27 +0000 http://2cworth.com/2006/03/14/good-debt-bad-debt/#comment-95 [...] Good Debt,Bad Debt [...] […] Good Debt,Bad Debt […]

]]> by: mbhunter http://2cworth.com/2006/03/14/good-debt-bad-debt/#comment-89 Tue, 14 Mar 2006 06:39:59 +0000 http://2cworth.com/2006/03/14/good-debt-bad-debt/#comment-89 Excellent post. Your example about the balance transfers highlights the exact reason why I don't do them -- I have a mind like a sieve sometimes and I'd forget to pay it back. Excellent post.

Your example about the balance transfers highlights the exact reason why I don’t do them — I have a mind like a sieve sometimes and I’d forget to pay it back.

]]> by: Tim MMF http://2cworth.com/2006/03/14/good-debt-bad-debt/#comment-86 Tue, 14 Mar 2006 01:21:14 +0000 http://2cworth.com/2006/03/14/good-debt-bad-debt/#comment-86 Well, I think its fair to say no one is going to make a deal like that with their friend to buy/rent houses. If you carry a mortgage on your own house but borrow more to buy another house which creates positive cash flow then that's the good debt. Also, it's difficult to see how a good investor is going to buy a house that depreciates in value or is in an area where the rental value may drop. It could happen sometimes, but I think the odds are sort of low. How many people do you know whose house has declined in value? Besides if the value declines, you can depreciate the house and/or hold on to it till the value returns to normal or increases. Overall, you make some valid points and interesting arguments. Good post! Well, I think its fair to say no one is going to make a deal like that with their friend to buy/rent houses. If you carry a mortgage on your own house but borrow more to buy another house which creates positive cash flow then that’s the good debt. Also, it’s difficult to see how a good investor is going to buy a house that depreciates in value or is in an area where the rental value may drop. It could happen sometimes, but I think the odds are sort of low. How many people do you know whose house has declined in value? Besides if the value declines, you can depreciate the house and/or hold on to it till the value returns to normal or increases. Overall, you make some valid points and interesting arguments. Good post!

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