11-13-2012, 02:30 PM
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#57
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Registered User
Join Date: Jan 2004
Location: Dallas, TX
Posts: 842
My Ride: S2000
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Quote:
Originally Posted by Xcelratr
People need to be more conservative with their risk assessment when they incur debt. Debt is not always bad. The right kind of debt can be good. But the borrower always needs to be honest with themselves about best, mid, and worst case scenarios. That is, and always has been, wise.
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Its not just risk assessment, it was the federal government subsidizing the price of loans. By saying that "everyone should go" they made the money cheap and the price of the loan wasn't variable based on what you were "investing" in.
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-Ron
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