wing_zealot wrote:
CampbellDaycruiser wrote:
This is something no one has been able to explain to me: why does "someone have to eventually pay the debt somewhere along the line"? I have loans/owe money on several commercial properties, I just roll them over every few years and refi the debt taking out a few hundred thousand cash each time, something I have done for decades and intend to do for several more. What's the big deal?
Stick around for a few years and I'll show you first hand what the big deal is. You're heading for a rude awakening.
IIRC I've heard that since around 1974/75...... I'm still waiting and I'm glad I did not make any financial plans based upon this particular worry. So what do you suggest instead: gold bars under the mattress? LOL
