Debt from buying a house is very common in my country. About 80 per cent of the population owns a home, all financed with debt/mortgage off course. That’s financially sound indeed. It’s even promoted by the government via tax incentives.
For most people that’s the only form of debt, though. Some also go into debt for buying a car, but that’s less common.
Debt for buying things like mobile phones, tv’s, etc is very uncommon over here.
But that’s all very off topic![]()
The Americans (I am one, but I really find it humorous, tbh) love to go on about how much debt someone is getting into to buy a phone. I mean... my motto is to stay out of other people's finances and let them get whatever they want. If they don't owe me money, I don't care what they buy.