If there is ever a time when you wanted to find out how you bought things you never used, take a good look at your wardrobe. The big problem with buying too many unnecessary things is that such an activity locks up the econom
Many of our recent generations have worked and purchased a house with their retirement benefits. Mortgages (home loans) were seldom available, and there was a natural aversion to being in debt. Historical wisdom may be...
Real Estate can be divided into a few categories, such as residential properties, commercial properties, agricultural land, and industrial land; though we tend to equate real estate with residential property alone.
Typically, the concept of debt is used when a person needs to buy items, objects, goods, or for studying: spending which are essential and for which they may not be able to put the entire amount at one go.