Question: Not all debt is created equal.If I take out a mortgage to buy a house, and later fall on hard times, I can generally sell
Not all debt is created equal.If I take out a mortgage to buy a house, and later fall on hard times, I can generally sell the house for more than I owe because in most cases houses appreciate in value.(Though not always: See 2008 Housing Crisis.)On the other hand if I take out a loan for a car, and later fall on hard times, I'm probably going to have a hard time selling my used car for enough to clear the loan.
Which category of debt is a loan to start or expand a business -- good debt or bad debt?
Does the scriptural prohibition against debt distinguish between good and bad debt or is all debt prohibited?
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