Yes, loans are useful, and being permanently in debt is useful if you have an investment with a higher return higher than your loan. But it has disadvantages - it's an obligation what you have to watch over lest it runs out of control. It creates instability, as we've seen in the recent economic crisis.
Avoiding debt is just as sensible as saving money; in a way it's the exact same thing. It's a slight pain now for a massive gain later. As for a house, whatever happened to getting the money BEFORE you buy it? It's a perfectly valid choice.
Avoiding debt is just as sensible as saving money; in a way it's the exact same thing. It's a slight pain now for a massive gain later. As for a house, whatever happened to getting the money BEFORE you buy it? It's a perfectly valid choice.