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<blockquote data-quote="Otha" data-source="post: 1786895" data-attributes="member: 41397"><p>I do think loans need to be very carefully considered, but carefully considers isn't the kind of language that started this debate a few pages back. Using debt should be considered more strongly than spending you own money, because as many have pointed out there can be more risk in using debt. Several pages back people were saying that debt is always bad and never works and stuff to that tune and I just wanted to see some hard number as to why that might be the case.</p><p> I appreciate your warning about the dangers of debt. There's defiantly a phycological thing that can happen with debt because it doesn't feel like your money. It's very important for people to be well aware of that bias. I do however at this time still believe debt is a useful tool as long as the right measures are taken in accruing it. Including proper debt/equity ratios, market considerations and insurance.</p></blockquote><p></p>
[QUOTE="Otha, post: 1786895, member: 41397"] I do think loans need to be very carefully considered, but carefully considers isn't the kind of language that started this debate a few pages back. Using debt should be considered more strongly than spending you own money, because as many have pointed out there can be more risk in using debt. Several pages back people were saying that debt is always bad and never works and stuff to that tune and I just wanted to see some hard number as to why that might be the case. I appreciate your warning about the dangers of debt. There's defiantly a phycological thing that can happen with debt because it doesn't feel like your money. It's very important for people to be well aware of that bias. I do however at this time still believe debt is a useful tool as long as the right measures are taken in accruing it. Including proper debt/equity ratios, market considerations and insurance. [/QUOTE]
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