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Anyone here in debt 6 figs?

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 😀
 
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.
 
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.
 
My parents, who are quickly approaching 7 figures. Having half your house washed away by a flood tends to do that.
 
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.
 
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.
Click to expand...

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