Whenever we talk about wealth we should remember this:
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Deu 8:18 But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.
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Lending is described as a blessing...
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Deu 28:12 The LORD shall open unto thee his good treasure, the heaven to give the rain unto thy land in his season, and to bless all the work of thine hand: and thou shalt lend unto many nations, and thou shalt not borrow.
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Borrowing is described as a curse...
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Deu 28:44 He shall lend to thee, and thou shalt not lend to him: he shall be the head, and thou shalt be the tail.
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The reason...
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Pro 22:7 The rich ruleth over the poor, and the borrower is servant to the lender.
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I don't think you can go so far as to say that borrowing is sinful, but it certainly is not something that should be taken lightly.
I think the fact that there are so many things unbiblical about our society makes for a treacherous road for a young Christian man. Do everything with prayer and make sure you take advantage of your God given help-meet (if you have one.)
I look at a mortgage more as renting than borrowing. You are basically in a rent to own situation for 30 years with the bank. They own it, you do not. Of course it would be better to buy one or build one with cash, but how many of us can do that? Maybe the Amish have something...
I think everyone would agree that credit card debt for consumable items is bad?