You Can’t Cancel the Debt, You Can Only Move

Let's talk about the practical and personal implications of debt cancellation, a noble but dangerous concept.Imagine buying a second home, one that you must repair. You spill your sweat, not to mention your money, to make it look good. Once you're done, you decide to rent rather than sell it. It will take longer to recover your investment, but you will have a stable source of income later. Maybe you can even stay in retirement. But then the city council sends you a letter: "Times are tough for tenants now, so we forbid you to collect rent." After freaking out a bit, call the city hall and ask if the council members have prohibited the bank from charging you each month for the $ 100,000 loan you asked for to…
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