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So how much "bad" debt are you in? (lemmy.world)

submitted 1 year ago by ericbomb@lemmy.world to c/asklemmy@lemmy.world

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Hear about how much debt everyone in the US has all the time, curious about some of your stories!

My bad debt is 10k left on a school loan from a for profit school that is now out of business.

Only other debt is house.

So how are you all doing with debt management?

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[-] foggy@lemmy.world 4 points 1 year ago* (last edited 1 year ago)

I think the interest rate has a lot to do with the declining value of commercial real estate. I think the banks are trying to cover losses. Small businesses going fully remote makes it difficult to sling commercial real estate at the old rates.

I think this is also behind the odd fetish of returning to the office we read so much about.

this post was submitted on 20 Oct 2023

106 points (96.5% liked)

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