Honest question: With inflation continuously rising, would it be smart to take on a little debt now?
With inflation rising, supply chains still being a mess which makes obtaining goods more difficult, and things only getting more expensive, it seems like a sound decision to take on a mortgage or a car payment now as opposed to in the near future when things will only be more difficult to obtain and more expensive. Inflation will outpace any interest on loan. Resale value of some of these big ticket items will only go up.
I'm not saying go out and buy unnecessary things, but I'm genuinely curious what your thoughts are on purchasing big ticket items of need or investment purposes now as opposed to 2 or 5 years from now.
If the interest rate is fixed, it would be a financial advantage to borrow as much money as you can, because the money you pay it back with will be worth a lot less.
Would it be smart to go into debt right now?
I think there is a thin veneer hiding huge instability right now. Your debt could be used against you selectively for being a 'domestic terrorist' for things you said online. Look at MTG. They are trying to block her from re-election because she said something about 1-6 and freedom after it happened. As that somehow implicates her in the plot.