FINANCES (A Place For Discussion)

[Stokely]

@jacoavlu:

ok, I disagree
no matter, its like arguing what's the best kind of hepatitis to have

Bwahhhhahhhhhh!

Aren't all kinds of hepatitis the best kind?

[thomasnunnally]

@Stokely:

@jacoavlu:

ok, I disagree
no matter, its like arguing what's the best kind of hepatitis to have

Bwahhhhahhhhhh!

Aren't all kinds of hepatitis the best kind?

It is probably best to ask Pamela Anderson!

[madmonday]

owing sucks no matter the terms.

i have tier one credit & get great rates extended my way, so i never really considered would i rather owe type A or type B.  i just look at the APR on the CC or loan & decide if i want to do it or not.  guess i will give it more thought in the future 

**student loans are only good cause you can write them off on your taxes to a certain point & it is considered as good credit because you are investing in yourself 

[jacoavlu]

A is actually the best, it is more of a temporary disease
B would be my next choice
C i would consider the worst, it more often leads to chronic liver disease including hepatocellular carcinoma
there is a hepatitis D which is an odd one, doesn't really count

[thomasnunnally]

@madmonday:

owing sucks no matter the terms.

i have tier one credit & get great rates extended my way, so i never really considered would i rather owe type A or type B.  i just look at the APR on the CC or loan & decide if i want to do it or not.  guess i will give it more thought in the future 

**student loans are only good cause you can write them off on your taxes to a certain point & it is considered as good credit because you are investing in yourself 

With all of your IH Gear I just assumed you were independently wealthy!

[madmonday]

i plead the 5th since no matter what i say

[Omega Man]

Actually, any kind of debt (to a degree) is bad in my books.  It is all about how much you can actually afford vs. how much you wish you can afford.  The housing bubble was based on a prolong period of low interest rates, irrationally optimistic expectations of escalating prices and generally, people spending way too much they thought they could manage/afford.  Mortgage (if managed wisely and assuming you are not in over your head) is a means to finance a long term investment, and I think part of the mortgage payment is tax deductible in the US.  Same goes for student loans.  Credit card debt and/or car loans IMHO are a means to feed an immediate desire to consume, often with no long term value (don't think interests paid on the balances are tax deductible either).  Perhaps I am just old fashioned….....

[rocket]

well done Lando!

as Seul said, don't spend money you don't already have is a very good rule to live by…

[injunjack]

well. sometimes I have to use my CC to finance bigger purchases, but then I pay it back before doing next big purchase.

And I never buy beer or cig's on my CC. (might add this to mental thread)

[Lucifer]

Housing loans? Check, but make sure that you are able to pay the downpayments even if the interest doubles or triples. (AKA, don't buy out of your league.

Student loans? Check, best way of being socially mobile there is.

Other loans? Not really my cup of tea. I have a credit card, but I just use it to pay for work travels and I get it reimburced by work.