Quote:
Originally Posted by LivingAlmostLarge
Steve, don't argue with people who don't get math. It's like explaining why money in the bank is better than a paid for home. If you have $300k home and $300k in bank you are the same as the person with $300k paid for home. But some people don't get it, they only see the word debt. They can't see the forest for the trees.
Anyway, student loan debt is not necessarily bad. Would you prefer all doctors only come from rich families who can afford it? Or would you prefer it be the best suited, most capable people? If we didn't have student loans, going to school would be a class based system, which would only be available for those rich enough to afford it.
|
I assume the 300k home is fully mortgaged?
The 300k in bank grows, so it is actually better than a house worth 300k on many levels.
Don't mean to hijak the point made, but thought I'd chime in.