A short answer to what is really a more complex question;
IMO there are three forms of debt
1. Good debt - debt that has both an income (return) & a tax benefit (legally) such as an investment,
2. Bad debt - debt that has no form of return and no tax benefit such as debt on credit cards, personal loans, even the family home mortage, and
3. Best debt - no debt at all!
Servicing the debt is in fact the problem for a great many in our beautiful country - cashflow. Having and using equity in a home mortgage is one thing however if you don't have the cashflow ability to service that debt then it's very dangerous indeed.
