100% Down vs Financing - What does the bible say?
I'm having a conversation with another Christian businessman, and he is convicted that "the borrower is slave to the lender".
I know the arguments for and against borrowing to buy real estate, and from a purely mathematical argument it looks like leveraging good long term financing produces the best return.
I am looking for a convincing theological argument for leverage. At what point is leverage a partnership? What is wise and unwise, according to the Bible?
The first example that comes to my mind is The Parable of the Talents. However, I've only seen that interpreted in light of knowledge of the Gospel, not in a literal financial sense.
If you have thought through this, or want to, please join in.