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[–]wuzizname 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Mortgage is debt but it’s debt backed by hard assets. It’s debt where I have a tangible thing which I can sell unlike debt that kids rack up on useless college degrees and debt spent on going on vacation. I consider that good debt because it yeilds realty that can be sold to recuperate debt or even yield a return.

I’m not interested in starting my own bank but we have a new coop in town and there’s been a number of new ebanks like tangerine that have popped up in the past few years.