this post was submitted on 12 Dec 2023
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An example: for me, I'd happily go into debt to travel, or make sure my son has a good education.

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[–] phanto@lemmy.ca 53 points 11 months ago (4 children)

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

[–] ericbomb@lemmy.world 38 points 11 months ago (1 children)

Would be a lot nicer than the current system of "go into debt for doctor to shrug at me"

[–] phanto@lemmy.ca 5 points 11 months ago (2 children)

I'm in Canada. I'm just going broke for my inability to work, not from medical bills.

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[–] Num10ck@lemmy.world 4 points 11 months ago

might not hurt to provide one of those new AI a rundown of your subjective and objective info and ask for treating diagnosis

[–] GR4VY@lemmy.world 4 points 11 months ago

Understandably!

[–] cheese_greater@lemmy.world 2 points 11 months ago

What do you think is wrong with you?

[–] captainlezbian@lemmy.world 34 points 11 months ago (2 children)
[–] distantsounds@lemmy.world 13 points 11 months ago

Did that at the end of 2006, and it’s still the single worst decision of my life. If only I waited another year and a half…

[–] GR4VY@lemmy.world 5 points 11 months ago
[–] PeWu@lemmy.ml 21 points 11 months ago (6 children)
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[–] Kalkaline@leminal.space 18 points 11 months ago (3 children)

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.world 9 points 11 months ago (2 children)

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

[–] Kalkaline@leminal.space 6 points 11 months ago (1 children)

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.world 3 points 11 months ago (1 children)

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 1 points 11 months 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.

[–] Hazzia@discuss.tchncs.de 1 points 11 months ago

Even if I could've bought in 2019 I'd have been happy, but silly me was prioritizing paying off other debts rather than saving for a down payment. Damn pandemic.

[–] chepox@sopuli.xyz 2 points 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.

[–] finthechat@kbin.social 17 points 11 months ago (2 children)

I'd go into debt to give anyone $100 every time they kicked Spez in the balls

[–] NegativeLookBehind@kbin.social 5 points 11 months ago

I'll do it for $25 and some food. Deal?

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[–] RBWells@lemmy.world 17 points 11 months 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.

[–] bluGill@kbin.social 14 points 11 months 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)

[–] atlasraven31@lemm.ee 10 points 11 months ago (1 children)

A 1way trip to another planet (with survival essentials and at least 20 other people).

[–] Nath@aussie.zone 8 points 11 months ago

Bold of you to assume Collections still won't try to come after you.

[–] RGB3x3@lemmy.world 8 points 11 months 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.

[–] HubertManne@kbin.social 8 points 11 months ago

sorry. im never glad about it. more like what am I willing to go into debt for.

[–] intensely_human@lemm.ee 7 points 11 months ago (1 children)

Get my hernia fixed. Unfortunately, the surgical theater requires me to pay up front.

[–] GR4VY@lemmy.world 4 points 11 months ago (1 children)

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

[–] RizzRustbolt@lemmy.world 2 points 11 months ago

God gives his worst hernias to his kindest polymaths.

[–] RizzRustbolt@lemmy.world 5 points 11 months ago

Getting my mom out of debt.

[–] rufus@discuss.tchncs.de 4 points 11 months ago

World dominance.

[–] shinigamiookamiryuu@lemm.ee 4 points 11 months ago (1 children)

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.

[–] GR4VY@lemmy.world 2 points 11 months ago
[–] xmunk@sh.itjust.works 3 points 11 months ago

Travel for me too, so we're currently going into debt traveling. It's pretty sweet.

[–] athos77@kbin.social 2 points 11 months ago
[–] donuts@kbin.social 2 points 11 months 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.)

[–] JokeDeity@lemm.ee 2 points 11 months ago

Contentment.

[–] Lusamommy@alien.top 1 points 11 months ago

Any major purchase, so long as I could get a good interest rate, really. I'm far better off keeping money invested and leveraging debt to my advantage

[–] criitz@reddthat.com 1 points 11 months ago (1 children)
[–] TubeTalkerX@kbin.social 4 points 11 months ago

New from Olive Garden!

[–] Num10ck@lemmy.world 1 points 11 months ago

bridging receivables

[–] Nemo@midwest.social 1 points 11 months ago

Buying land.

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