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Sep 28, 2013Explorer
et2 wrote:
Then why does anyone purchase a home on credit, or cars, etc. too.
I don't think your comparison of an unneeded RV to a house and in most cases a car is correct.
Most houses appreciate. Monthly payments can be considered putting money into savings. Cars for the most part are needed as well. An rv that has a depreciation factor higher than autos is a terrible thing to have payments on. I think the video is accurate and good advice. If you don't think it applies to you, that's fine but to think that there are not people out there who are over their heads in debt and not enjoying it then you are naive.
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