3
“A mortgage is cheap money. There’s no way you can avoid debt in today’s society. Cars and college – let alone big screen televisions – virtually require you to have loans. And you’ll find that mortgages offer you perhaps the cheapest way to borrow.”
The above statement is ludicrous. I borrowed money twice in my life; I borrowed for my first car and a college loan both of which I paid off very quickly. Over the years I have never carried a balance on my credit card and have relied strictly on cash even when I bought my first home. Now I am very cash heavy and expect to take advantage of the credit crunch as long as the Fed does not get too stupid in lowering interest rates. I do not even know or care what my credit score is.
