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Jan 30, 2023
3:34
:38
pm
sidsie716
All-American
Slightly confusing because I don’t normally consider mortgage “consumer debt”
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sidsie716
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sidsie716
Joined
Mar 9, 2010
Last login
Apr 19, 2024
Total posts
3,088 (4 FO)
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Messages
Author
Time
<< Deleted >>
materialized
1/30/23 3:32pm
Wow. I hope people are misreading this question.
kccougar
1/30/23 3:33pm
Looks like I was the one misreading.
kccougar
1/30/23 3:33pm
Slightly confusing because I don’t normally consider mortgage “consumer debt”
sidsie716
1/30/23 3:34pm
link
flyzag
1/30/23 3:36pm
You don't consume a house though
paulb
1/30/23 3:37pm
Didn’t think so either but that definition includes them.
Soupie
1/30/23 3:41pm
Yeah, I just don't like their definition.
paulb
1/30/23 4:10pm
Are you talking credit card debt? Or including mortgages?
Chasicle
1/30/23 3:34pm
<< Deleted >>
materialized
1/30/23 3:35pm
Debt with collateral is quite different than credit card debt. The two aren't
Chasicle
1/30/23 3:37pm
Yep someone with a 300k mortgage on a house worth 800,000 is significantly
johnnybyu
1/30/23 3:47pm
Might consider debt relative to income. $50k of debt is crushing to some and the monthly charge card payment to others.
Tokolosh
1/30/23 3:37pm
Poll fail - mortgage isn't consumer debt imo
FiveTen-BuckEighty
1/30/23 3:38pm
actually it is. see link
flyzag
1/30/23 3:39pm
RE: actually it is. see link
flyzag
1/30/23 3:39pm
I think it's a valid question as yes mortgage is consumer debt but it's not
flyzag
1/30/23 3:39pm
And this is why they are often separated. Depreciating debt vs appreciation debt
Nat Gas Man
1/30/23 3:44pm
You won't get accurate results on this poll. Some will include mortgage debt and
PCCoug
1/30/23 3:43pm
I've never considered a mortgage as consumer debt until this poll.
BYUfan92
1/30/23 4:46pm
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