An example: for me, I’d happily go into debt to travel, or make sure my son has a good education.

  • phanto@lemmy.ca
    link
    fedilink
    arrow-up
    55
    ·
    1 year ago

    A cure to whatever the heck is wrong with me! Hell, even a diagnosis would be nice…

        • Call me Lenny/Leni@lemm.ee
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          Except you’d be dying with unfinished debt. There is a reason (however misguided) that burial/cremation services post-humously extract money from the possession of the dead. Some cultures are so in debt that this is how debt slavery arises, the next of kin of the deceased must (legally-speaking in their nation, not morally) pay it off with their services. Not to mention debt is one of the (several) reasons why legal systems oppose self-destruction.

      • PeWu@lemmy.ml
        link
        fedilink
        arrow-up
        0
        ·
        1 year ago

        I just don’t want to be here, that’s all.

        As for inheritance, I’d need to have something to pass on, so this doesn’t count.

  • RBWells@lemmy.world
    link
    fedilink
    arrow-up
    17
    ·
    1 year ago

    A house, because we were paying rent anyway. My car, it’s paid off now and I couldn’t have made as much $ without it.

    But we are up to our eyeballs so it would have to be something incredible. A business with no possibility of failing, maybe.

  • Kalkaline @leminal.space
    link
    fedilink
    arrow-up
    18
    arrow-down
    1
    ·
    1 year ago

    I’m actually pretty happy with my mortgage. I got a good deal in 2013 and refinanced to a 15yr at 3.25% a couple years ago. It’s the definition of “good debt” because inflation and my home’s value has way out paced the interest.

    • GR4VY@lemmy.worldOP
      link
      fedilink
      arrow-up
      8
      ·
      1 year ago

      Man, if I could’ve purchased a house in 2013 I would’ve. I was graduating high school though lol

      • Kalkaline @leminal.space
        link
        fedilink
        arrow-up
        6
        ·
        1 year ago

        I know I was super lucky. I look at home prices today and what it would take for me to get there and just shake my head.

        • GR4VY@lemmy.worldOP
          link
          fedilink
          arrow-up
          3
          ·
          1 year ago

          I’ve given up. The interest rates are ridiculous, and home prices where I want to live (anywhere in the western USA pretty much) are insanely inflated.

          • Kalkaline @leminal.space
            link
            fedilink
            arrow-up
            2
            arrow-down
            1
            ·
            1 year ago

            There are some deals to be had, but you’re buying in high crime and impoverished areas or in rural areas and you have to hope development will follow.

    • chepox@sopuli.xyz
      link
      fedilink
      arrow-up
      2
      ·
      11 months ago

      OMG. I got 8.95% for a 25yr mortgage and it was an awesome deal. Market was about 13.5%. Your numbers are really just free money from where am standing.

  • bluGill@kbin.social
    link
    fedilink
    arrow-up
    14
    ·
    1 year ago

    Nothing. I hate debt. I have a house payment as for me it is a better deal than rent, but i’m not happy. I’ll probably get a car loan when the id.buzz comes here, but i’ll hate it.

    Debt that makes money work for you is okay, but most doesn’t do that and is a bad deal. I have no interest in running a business, and if you don’t make money because of it, debt cannot work for you. (I.could pay cash for a.tiny home in middle of nowhere places that I prefer not to live)

      • Tolookah@discuss.tchncs.de
        link
        fedilink
        arrow-up
        7
        ·
        edit-2
        1 year ago

        I would assume “survival essentials” are enough for the planet in question, and not just a sleeping bag and beef jerky

        Edit: before anyone argues, it CAN include a sleeping bag and beef jerky.

      • atlasraven31@lemm.ee
        link
        fedilink
        arrow-up
        2
        ·
        1 year ago

        Not necessarily Earth-like. A lunar or martian outpost would be enough. Enough water, food, and air for 50+ years.

        • GR4VY@lemmy.worldOP
          link
          fedilink
          arrow-up
          2
          ·
          1 year ago

          If I didn’t have earthly attachments (child), I’d ask to be part of your 20.

  • RGB3x3@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    ·
    1 year ago

    If my daughter were to need any medical procedure, I’d take on as much debt as necessary. I don’t give a fuck, I’m getting her fixed no matter what.

    • GR4VY@lemmy.worldOP
      link
      fedilink
      arrow-up
      4
      ·
      1 year ago

      I know the world is full of people with similar issues, but I wonder if you’re my best friend 😅 you speak like him, and he also has a hernia needs fixing.

  • Call me Lenny/Leni@lemm.ee
    link
    fedilink
    English
    arrow-up
    4
    ·
    1 year ago

    I mean, no matter what anyone is getting out of it, it would be theft if I could never pay it off. In which case I guess I’d go into debt if it meant curing other people of their own debt.

  • donuts@kbin.social
    link
    fedilink
    arrow-up
    2
    ·
    1 year ago

    A home, for sure.

    Expanding my business a bit would be reasonable.

    Probably a car, even though it’s not always financially a great idea.

    Any other big purchase that would enrich my life in some way (for example, broadening my education, getting a piano, traveling, putting together a family, etc.)