Loans aren't free. Including interest, the cost of a loan can easily exceed the value of the thing being purchased with it (in fact, it initially almost always

Loans aren't free. Including interest, the cost of a loan can easily exceed the value of the thing being purchased with it (in fact, it initially almost always does). Stagnant housing markets and new vehicles will both add to a person's overall debt, even when accounting for the market value of the asset.