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This article is talking about negative wealth, not just people in debt. Meaning that the small number of homeowners who have negative wealth have debt (primaril
by analyst74 10y ago
This article is talking about negative wealth, not just people in debt. Meaning that the small number of homeowners who have negative wealth have debt (primarily student loans) larger than their home equity and other investment.
- kstenerud 10y agoAnd what about the early years of a mortgage, where your home equity is very low?
- graedus 10y ago"It doesn’t feel good when your net worth is a negative number. But many of these debtors aren’t necessarily doing something wrong. It can make sense to borrow when you’re young—to get an education, buy a home, or even sometimes to meet emergency expenses—as long as you’re pretty sure you can pay it off later when you’re earning more money."