Quote:
Originally Posted by bytchtyts
While I've always been of the opinion that paying down debt is a great thing to do - if we get into a real hyperinflationary period, isn't long term debt not necessarily a bad thing?
|
Debt where the interest rate is locked in for 7 to 10 years is one thing, debt that is variable or on short term fixed could get dramatically more expensive over the next few years. Further, there is no such thing as good debt where the interest is NOT tax deductible.