Anyone here in debt 6 figs?

Encryptic

Diamond Member
May 21, 2003
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I'd be glad to be in debt only to the tune of 6 figs. I could pay that off with a box of Fig Newtons. :p
 

jaeger66

Banned
Jan 1, 2001
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Originally posted by: ThaGrandCow
Anyone w/a house and mortgage is in debt that far

That's a little different though. A house is good debt. Cars and credit cards are bad debt.
 

StageLeft

No Lifer
Sep 29, 2000
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Not including house no - only 5 figures ;)

In truth a better question is what is your networth and is your networth less than $100k? Because then anybody with a $200k mortgage on a $200k house has that portion of their networth even itself out.

So yeah my networth is HIGHER than minus 6 figures :D
 

dullard

Elite Member
May 21, 2001
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I'll be 6 figs in debt quite soon - buying a house. So far I barely am at 5 figs (wife + me both have student loans). No other debt at all though.
 

jaeger66

Banned
Jan 1, 2001
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Don't think of a house as debt. Think of it as forced savings. You're simply converting cash into equity. So unless you get stuck in a collapsing market you should always come out ahead. Plus, lenders LOVE seeing a mortgage on your credit report.
 

yukichigai

Diamond Member
Apr 23, 2003
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My parents, who are quickly approaching 7 figures. Having half your house washed away by a flood tends to do that.
 

Whisper

Diamond Member
Feb 25, 2000
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Including credit cards and student loans, I'm a bit above 10k or so in the hole. Not too too bad, considering I only have one year of undergrad left.
 

Soybomb

Diamond Member
Jun 30, 2000
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Originally posted by: yukichigai
My parents, who are quickly approaching 7 figures. Having half your house washed away by a flood tends to do that.

Holy crap, did they fish the parts out and have it reassembled? :D (around here decent homes are say 60-80k heh)
 

optoman

Diamond Member
Nov 15, 1999
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I have friends in the medical profession that are about $250K each just in school loans.

I am only about $40 total with school loans, credit card and such.