With more income, debt can be paid over time. But with no income, debt will eventually come back to us.
I disagree, for myself at least. My debt is over my house, so not something I could save for realistically and I need somewhere to live so I have a mortgage. I don't have debt over anything else. So, for me at least, debt free would be debt free. Also, banks can call debt in at anytime bringing chaos to a person's life...Further to that, if one's job ends?
wait for some time till the housing prices increases
A risky gamble in these uncertain times.
There's multiple forces at play here in my situation, and of course, I haven't divulged my full position as the internet is no place to do so. One thing I know though, is that debt free is preferable than holding debt and paying interest. For Faith and I anyway, other people have different scenarios.
Thanks for your comment.
!ENGAGE 25
Looks like you are more clear about the issue now than you were when you posted it on hive.
Good luck with whatever you decide to do.👍