Quote:
Originally Posted by lsufish
W is an anomaly to any rule. If you can get 22% return annually, then by all means use debt to purchase your boat because more than likely it will be a 100 ft yacht.
For everyone else, this return is highly unlikely and you will end up owing money on a depreciable "asset" which is actually a liability. Always try to pay cash for your toys when you can.
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I agree and it don't take an economist to figure that one out.