The prohibition against financial instruments, anyway. Like, "okay, I can't get a billion dollars worth of municipal bonds and get several million bucks tax free in income." My debt is basically paying for services already rendered.
Buying houses and durable paid for cars for my family would leave them much better off (THEY are debt-free, I am NOT). Buying a bunch of homes to flip/rehab would to me be an interesting learning experience- I've always wanted to learn how to do basic remodeling, painting, laying tile, installing fixtures, etc. Also would be an interesting social experiment- if you can buy whole BLOCKS of a marginal neighborhood, you can be your own gentrification committee. :) |
