Let me turn "what would be good debt" into an example of bad debtspending money you don't have with nothing to show for it say, running up your credit card debt on junk food that bloats your bodyThen you have months paying interest on the debt, long past any enjoyment of what the spending brought you.Sometimes, in favorable housing markets, a mortgage is a good debt, because you can sell the house for more than you agreed to buy it for, thus getting rid of the debt obligation when you move. (wistfully thinking of my childhood in the suburbs: Dad bought a house that was 4x his annual salary, they paid the same monthly payment through twenty five years of inflation, and then sold it for more than 10x the purchase price)
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra