mike, serviceability should be rule no 1, not 101 been doing the sums for many years now...have different scenarios built in, so my investment of course has to show that it is profitable in the end, now matter what happens... absolutley no way would I dream of borrowing if I could not afford to repay it easily.... and just watched the marc faber thing....so he has been calling doom and gloom all his life and finally it comes true....need more book sales do you marc ??? but I did watch the next youtube about the vagabond investors...debt is good and savings are bad....simplistic terms for the newbies...but good debt is like realestate that increases in value...and you use OPM, and other people to pay off the debt,,,,but a car or boat loan is bad, as the asset depreciates...savings is bad in banks, as your dollar depreciates about 4%pa, and the fed prints more money than you can save so it can depreciate even quicker....
