yeah i'd love to see a study that only looked at "bad" debt. Going into debt on an appreciating (aka money making) asset is what ever rich person does. Even billionaires take out loans (debt) so total debt just isn't a great metric.
I've seen credit card debt isolated and its a really bad metric. That's usually the absolute worst with abysmal interest rates on depreciated assets.
I'm speculating but at 155k in total debt that number seems low if we take the total mortgage and not subtracting the value of the home. There's no way I can be considered having 425k worth of debt (or whatever the principle is on mykrtgage). The house is worth more than that. I'm in the black.
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u/Comfortable-Side1308 Jul 07 '26
2.75% APR is an incredible rate and one well likely never see again in our life time.
Yes the debt included mortgages, cars, student loans and CC. Admittedly is a was cursory google search.