<prompt> Human: Assuming, for example, youre better of renting than having a mortgage, is there any other reason in life aside from emergencies which you hadnt planned for to take out a loan?What about an investment property perhaps to rent out or to buy a business? To invest in a market?  <response>: That is a personal choice. Investing with borrowed money is risky. I doubt there are a ton of people who in retirement are pisses they didnt take out more debt in their lifetime. I am positive that there are a ton of people who regret their amount of debt come retirement. I think a mortgage for the place you live is the most sensible debt if it is a sensible amount. 