Quote:
Originally Posted by steveosnyder
EDIT: one of the guys on the winnipeg reddit subforum equated it (and I think I have done the same) to the difference between consumer and investment debt. Borrowing money for education -- something that increases your earning potential -- is good, borrowing money for a TV? Not good. We need to stop thinking of some of these projects as investments; they are just really big TV's with no return potential.
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Great point. Except instead I would substitute "TV" for "snowmobile". Nothing depreciates faster than a snowmobile.