Quote:
Originally Posted by Reigns
This is true, but an investment loan for a house is what I call a super-duper good debt  I'll go out on a leaf and say that any debt on a home (even a normal home loan) is a good type of debt because it's an asset that appreciates over time.
Debts on a cars are only EVER good when they are bought for business purposes |
I have changed my mind about home loan (not investment loan for a house). Any loan bigger than you need for cash storage is always going to be luxury unless you know what you are doing with the property market.
A car loan with business purpose is only good if what you spend on it justifies the business purpose.