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Message: <blockquote data-quote="Retired Educator" data-source="post: 341873" data-attributes="member: 3373">Never minded being in debt as long as I was making progress and slowly getting ahead. Nice to be debt-free but if something came up that I needed to have a loan it wouldn't bother me as long as I could afford the payment without giving up the life-style to which I've become accustomed.There was a time only a year or two ago where it actually made sense to me to have a loan on a new vehicle. A person was required to take a loan to receive the discount for the vehicle. At one time the discounts on a new pickup were as high as $10,000. Loan rates were less than 3% and it didn't make sense to take money out of an investment that was paying 7 or 8%.Should some land come up for sale that I think the income would make the payments, I'd borrow to buy that land. Debt free is nice but it's never bothered me to borrow either as long as it didn't put me in a position where the payments were a burden. At the same time I don't extend the payments for longer than good reason. Example would be, I've seen where you can buy a boat and finance for 15-20 years. That would be a serious burden for me.Congrats on debt-free, it's a nice feeling but I'm not ready to say I'll never have debt again.I'm also not one of those who feels property tax is rent on the property you own. Long time educator as well as a city official for several years, both or which rely on taxes to operate. My feelings are that taxes are payment a person makes for some services they receive. Road maintenance, police, water and sewer in the city, etc. Education is also in that group. And at some time, every one uses those services.</blockquote>

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