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BB&T Corporation Message Board

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  • wigginsrd wigginsrd Jan 24, 2009 5:43 PM Flag

    What if people refuse to take out loans?

    Well, it is a pleasure to disagree on the subject of Dave Ramsey. You promote the idea of "good debt" and it would be better to make money with the bank's money if it always worked that way. In your hypothetical the condo costs 100 thousand and it appreciates because in your world realestate always goes up in value. We were all taught that lie but there are a lot of people out there who bought that condo with little or nothing down, the realestate bubble burst and their tennate moved out. They can't sell it because nobody is buying and now they are making the payments, until they can't anymore, and the bank forecloses. Do you live in a cave? This is happening all over the US. This "good debt" you describe has left us in a 2 year recession that may well evolve into a depression. You call this "good debt?" Well there an't nothing "good" about it. You need to do a little more than a Google search on Dave Ramsey before calling him names and you need to get your head out of the sand and look at these "good debt" forclosures that have melted our banking system. This "good debt" wolf is camped squarely in the door breathing its nasty debt breath right into BBT. The There are a lot of holes in your boat of logic there boater. It's January, sir, hope you've got an inflated dingy.

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