I wonder, if we had known that the title of the post is the original meaning of the debt burden we accept when we take out a home loan, or mortgage, would we have done it?
I think the answer is more than likely, yes, for most of us.
I was reading an article earlier about debt, and the author confided that despite all of her talk in the past about debt and budgeting and such, she still had debt. She didn't say what kind, but I know that the typical American response to debt is that things like a mortgage are not usually considered "debt." In fact, the money-management gurus will often ignore mortgage debt when discussing people's finances.
So, my question is, since Deus Ex Machina and I don't carry a credit card balance, and we don't have any car loans, and we don't have any personal or school loans, and the only revolving debt we have is our mortgage, are we in debt or debt-free?
Just wondering ....