[quote pri_dk]Debt is not always bad, and the situation is not as bad as many make it out to be.
(Don’t agree that debt is not always bad? Then answer this: Why is Rich’s investment firm suggesting that it would be a very smart move for people to refinance into a 30 year loan right now?)[/quote]
Refinancing debt to lower existing debt costs is not the same as getting more debt, so this is not a good example.
Good vs Bad debt is more dependent upon what the debt is used for and what is the return on the debt minus the cost of the debt (net proceeds of the indebtedness)
