Yes and no. Chunky makes a good point. Because some people abused credit (with the help of banks and mortgage broker), lenders have come down like a ton of bricks on practically everyone. For example, we all know that credit card companies have been lowering lines of credit and raising interest rates even on people who pay off their cards every month.
jb, you're right, and I can't offer a rebuttal. I feel like I'm arguing from my gut, not my head. Ever so often, I question some of my long held, core beliefs. Not sure whether that's healthy, or not. But, I can't help but wonder, as circumstances change, if what seems to be the right decision now, can become the wrong decision in the long run. I think it's best for me to wash my conflictions off of my sleeve, and get back to work. Cheers.
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