absolutely, I'm interested in why those who do make these rules exclude houses.
I'm not having a go at you, I just really don't see the distinction. Yes, house values can increase, but they aren't guaranteed to. And all the "not counting" as debt in the world won't stop the bank taking it off you and raping your credit rating back to the stone age if you stop paying, so it's no different in reality to any other debt even if people want to pretend otherwise.
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Feb 2013, 15:15, 1 reply, 12 years ago)

I dunno badge
I guess it's because everyone has to pay for their accomodation one way or another.
My own experience of 'owning' a house is that it costs considerably less than renting one.
If I was renting right now I'd be paying two to three times more each month for something shitter.
( tangledupinblue hairy badge with moving eyes, Tue 12 Feb 2013, 15:19, Reply)

I know, but I think you're missing the point.
Of course it makes financial sense, but it's still a debt, in the same way a credit card or a loan is a debt.

I'm not arguing against buying a house. I'm wondering why it is that some people cheerfully fail to see that as having a debt.
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Feb 2013, 15:23, Reply)

I understand your point fully and I do regard my mortgage as a debt.
I suppose to go back to my original post - only buy things you can afford - I bought a debt that I could afford to repay.
( tangledupinblue hairy badge with moving eyes, Tue 12 Feb 2013, 15:27, Reply)