a new roof on our house in the next few years and not having the likely $10-12K in cash to pay for it.

We will have to do ours too - 18-25K€...

Which means that you have to "earn your stripes" by borrowing at 29% interest and paying it off, in order to take out a totally over collateralized loan.

I am glad that it isn't the same here, at least not to the same extent. Often, credit card history is a red flag for the bank - to some degree at least.

Meanwhile, we look at our own kids drowning under their mountains of student loan debt which will remain a noose around their necks for probably another 10-15 years (they are 29 to 33 now).

Interesting, isn't it? People are told they have to get an education to have a good job, then they are saddled with debt for decades, making having a good job not overly valuable.

Makes me wish for $2.00 Hive so I could just power down and pay for that roof...

Would be nice to use some of it for something. One day...

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