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On Tue, 21 Nov 2017 11:58:26 -0500,
wrote:

On Tue, 21 Nov 2017 11:17:22 -0500, wrote:

Normal people should not be going into retirement with debt unless
they have the liquid assets to pay that debt off ... and that is rare.

Personally I like the idea that I can cut back on the luxuries I pay
cash for and live very cheap if I need to because I don't owe anyone
any money.

===

Everyone's situation is different. I have no problem carrying debt
forever as long as I can earn a higher return somewhere else.
Additionally, the government subsidizes home mortgages via the tax
deduction on interest paid.

Let me get this right. You say it is a good deal to pay a bank
interest so you can deduct 20% of it and rationalize it because you
have an investment that you are paying a 20% tax on.
At best it is a wash, assuming you actually make more on your money
than the bank.
Whatever makes you feel better I suppose. I like the idea that if the
**** hits the fan (investments collapse, pensions fail etc) I don't
owe anyone any money.
Owing money may be good if you don't plan on living much longer or if
you think we will have hyper inflation. I just do not want to be
rooting for either of those things.