--- title: "Meaning & Key Takeaway of: The people who are taking these loans…" description: "\"The people who are taking these loans because it's the only way they can afford their house are exposing themselves to a lot of risk. They're not savin..." image: "https://sms4smile.com/quotes/i/f23/ric-edelman-63916_building_the-people-who-are-taking-these-loans-be_1717995.jpg" --- # The people who are taking these loans because it's the… ![“The people who are taking these loans because it's the only way they can afford their house are exposing themselves to a lot of risk. They're not saving money and they're not building equity, which means they could find themselves in a scenario where they owe more money than their house is worth.” quote by Ric Edelman](https://sms4smile.com/quotes/i/f23/ric-edelman-63916_building_the-people-who-are-taking-these-loans-be_1717995.jpg) [Download](https://sms4smile.com/quotes/i/f23/ric-edelman-63916_building_the-people-who-are-taking-these-loans-be_1717995.jpg) [Open image](https://sms4smile.com/quotes/i/f23/ric-edelman-63916_building_the-people-who-are-taking-these-loans-be_1717995.jpg) > “The people who are taking these loans because it's the only way they can afford their house are exposing themselves to a lot of risk. They're not saving money and they're not building equity, which means they could find themselves in a scenario where they owe more money than their house is worth.” [Ric Edelman](https://sms4smile.com/quotes/author/ric-edelman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Relying on high‑risk loans for home ownership prevents saving and equity building, risking negative equity. **In simple terms:** Risky loans hinder saving and equity. Key Takeaway Avoid high‑risk borrowing. Themes finance risk homeownership equity saving Mood concerned practical Type financial advisory When to use this quote - mortgage decisions - budgeting - investment strategies - housing market analysis Key Concepts Debt management financial planning market risk Questions to Reflect On - How can you build equity safely? - What alternatives exist to risky loans? A Different Perspective Low‑interest loans may seem attractive; other options exist. ★ ★ ★ ★ ★ No ratings yet [Equity](https://sms4smile.com/quotes/about/equity/) [Justice](https://sms4smile.com/quotes/about/justice/) [Loans](https://sms4smile.com/quotes/about/loans/) [People](https://sms4smile.com/quotes/about/people/) [Risk](https://sms4smile.com/quotes/about/risk/) [Saving](https://sms4smile.com/quotes/about/saving/) [Saving money](https://sms4smile.com/quotes/about/saving-money/) ## Related quotes > [In Puerto Rico, there has developed a culture of taking out loans and not paying them back. That has ended.](https://sms4smile.com/quotes/eduardo-bhatia/in-puerto-rico-there-has-developed-a-culture-of-taking-out-loans-and/) [Eduardo Bhatia](https://sms4smile.com/quotes/author/eduardo-bhatia/) > [The Christian fact is very straightforward: To be a student is a calling. Your parents are setting up accounts to pay the bills, or…](https://sms4smile.com/quotes/stanley-hauerwas/the-christian-fact-is-very-straightforward-to-be-a-student-is-a/) [Stanley Hauerwas](https://sms4smile.com/quotes/author/stanley-hauerwas/) > [If I can't afford a house, or afford to keep it, I don't want to have it.](https://sms4smile.com/quotes/jim-nabors/if-i-can-t-afford-a-house-or-afford-to-keep-it-i-don-t-want-to-have-it/) [Jim Nabors](https://sms4smile.com/quotes/author/jim-nabors/) > [I went back to some folks, some constituents in New Jersey, and asked them what are the top issues, what are the things they…](https://sms4smile.com/quotes/andy-kim/i-went-back-to-some-folks-some-constituents-in-new-jersey-and-asked/) [Andy Kim](https://sms4smile.com/quotes/author/andy-kim/) > [I've seen a lot of people in my life base their self-worth on what job they book or don't book, what car they drive,…](https://sms4smile.com/quotes/rachel-shenton/i-ve-seen-a-lot-of-people-in-my-life-base-their-self-worth-on-what/) [Rachel Shenton](https://sms4smile.com/quotes/author/rachel-shenton/) > [If I had a dollar for everytime someone over 40 told me my generation sucks, then I could afford a house in the economy…](https://sms4smile.com/quotes/john-vercetti/if-i-had-a-dollar-for-everytime-someone-over-40-told-me-my-generation/) [John Vercetti](https://sms4smile.com/quotes/author/john-vercetti/) > [You could afford your house without the government if it weren't for the government.](https://sms4smile.com/quotes/rush-limbaugh/you-could-afford-your-house-without-the-government-if-it-weren-t-for/) [Rush Limbaugh](https://sms4smile.com/quotes/author/rush-limbaugh/) > [Imagine you have six loans, small to huge. People want to close loans and because of that, they try to pay off the small…](https://sms4smile.com/quotes/dan-ariely/imagine-you-have-six-loans-small-to-huge-people-want-to-close-loans/) [Dan Ariely](https://sms4smile.com/quotes/author/dan-ariely/) > [We build schools and give government loans and grants to college kids; for those of us who are parents, tuition will often be the…](https://sms4smile.com/quotes/bill-mckibben/we-build-schools-and-give-government-loans-and-grants-to-college-kids/) [Bill McKibben](https://sms4smile.com/quotes/author/bill-mckibben/) > [Fortune makes many loans, but gives no presents.](https://sms4smile.com/quotes/publilius-syrus/fortune-makes-many-loans-but-gives-no-presents/) [Publilius Syrus](https://sms4smile.com/quotes/author/publilius-syrus/) > [One of the biggest hurdles in the path of entrepreneurship is home loans!](https://sms4smile.com/quotes/vishwas-mudagal/one-of-the-biggest-hurdles-in-the-path-of-entrepreneurship-is-home/) [Vishwas Mudagal](https://sms4smile.com/quotes/author/vishwas-mudagal/) > [Homeowners refinance their loans when interest rates go down. Businesses refinance their loans.](https://sms4smile.com/quotes/elizabeth-warren/homeowners-refinance-their-loans-when-interest-rates-go-down/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [The vast majority of debt that Anglo maintains is owed is strenuously disputed. However, I cannot now pay those loans which are due, following…](https://sms4smile.com/quotes/sean-quinn/the-vast-majority-of-debt-that-anglo-maintains-is-owed-is-strenuously/) [Sean Quinn](https://sms4smile.com/quotes/author/sean-quinn/) > [Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other…](https://sms4smile.com/quotes/john-f-kennedy/student-loans-have-been-helpful-to-many-but-they-offer-neither/) [John F. Kennedy](https://sms4smile.com/quotes/author/john-f-kennedy/) > [France has not only built a bureaucratic barrier against American culture, it has constructed a notorious intellectual case against it as well. The French…](https://sms4smile.com/quotes/tyler-cowen/france-has-not-only-built-a-bureaucratic-barrier-against-american/) [Tyler Cowen](https://sms4smile.com/quotes/author/tyler-cowen/) ## More by Ric Edelman > [Poor is a state of mind. Broke is a state of wallet. You can fix being broke; it's not so easy to fix being…](https://sms4smile.com/quotes/ric-edelman/poor-is-a-state-of-mind-broke-is-a-state-of-wallet-you-can-fix-being/) [Ric Edelman](https://sms4smile.com/quotes/author/ric-edelman/) > [Hope is not a financial plan.](https://sms4smile.com/quotes/ric-edelman/hope-is-not-a-financial-plan/) [Ric Edelman](https://sms4smile.com/quotes/author/ric-edelman/) > [I think that the consumer is generally unaware of certain material facts, particularly the tax risk and compensation issues.](https://sms4smile.com/quotes/ric-edelman/i-think-that-the-consumer-is-generally-unaware-of-certain-material/) [Ric Edelman](https://sms4smile.com/quotes/author/ric-edelman/) > [“The lesson: Be aware of the incredible power of social media and the dangers of reacting to news that you haven’t verified.”](https://sms4smile.com/quotes/ric-edelman/the-lesson-be-aware-of-the-incredible-power-of-social-media-and-the/) [Ric Edelman](https://sms4smile.com/quotes/author/ric-edelman/) [Explore all 5 Ric Edelman quotes ](https://sms4smile.com/quotes/author/ric-edelman/) ## More Afford quotes > [We can't afford any president to fail.](https://sms4smile.com/quotes/glenn-beck/we-can-t-afford-any-president-to-fail/) [Glenn Beck](https://sms4smile.com/quotes/author/glenn-beck/) > [Just because you can afford it doesn't mean you should buy it.](https://sms4smile.com/quotes/suze-orman/just-because-you-can-afford-it-doesn-t-mean-you-should-buy-it/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [I am not a Ph.D. in economics or a doctorate in literature that I can afford to take my singing lightly. Even if I…](https://sms4smile.com/quotes/kailash-kher/i-am-not-a-ph-d-in-economics-or-a-doctorate-in-literature-that-i-can/) [Kailash Kher](https://sms4smile.com/quotes/author/kailash-kher/) > [Now I'm having to live with sales of around 50,000 per album - but I'm pretty content with my place in the general scheme…](https://sms4smile.com/quotes/david-knopfler/now-i-m-having-to-live-with-sales-of-around-50-000-per-album-but-i-m/) [David Knopfler](https://sms4smile.com/quotes/author/david-knopfler/) > [I was lucky because I got so successful so early, and when you get successful early, then you can afford to be a little…](https://sms4smile.com/quotes/diane-von-furstenberg/i-was-lucky-because-i-got-so-successful-so-early-and-when-you-get/) [Diane von Furstenberg](https://sms4smile.com/quotes/author/diane-von-furstenberg/) > [I have crooked toes from wearing boots that didn't fit me because that's all I could afford as a kid.](https://sms4smile.com/quotes/jonah-lomu/i-have-crooked-toes-from-wearing-boots-that-didn-t-fit-me-because/) [Jonah Lomu](https://sms4smile.com/quotes/author/jonah-lomu/) > [The most common reason new mothers return to work sooner than they'd like to is because they can't afford to go without their salaries…](https://sms4smile.com/quotes/alexa-von-tobel/the-most-common-reason-new-mothers-return-to-work-sooner-than-they-d/) [Alexa Von Tobel](https://sms4smile.com/quotes/author/alexa-von-tobel/) > [This fatigue can not afford to do](https://sms4smile.com/quotes/israa-ali/this-fatigue-can-not-afford-to-do/) [ISRAA ALI](https://sms4smile.com/quotes/author/israa-ali/) > [A good player is a good player, it's just that we cannot afford signings that do not work.](https://sms4smile.com/quotes/sean-dyche/a-good-player-is-a-good-player-it-s-just-that-we-cannot-afford/) [Sean Dyche](https://sms4smile.com/quotes/author/sean-dyche/) > [I'm not the most talented writer in the world. 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O'Rourke](https://sms4smile.com/quotes/author/p-j-o-rourke/) > [I'm a little bit tough because I can't afford to get my heart broken.](https://sms4smile.com/quotes/brandi-glanville/i-m-a-little-bit-tough-because-i-can-t-afford-to-get-my-heart-broken/) [Brandi Glanville](https://sms4smile.com/quotes/author/brandi-glanville/) Browse all 784 Afford quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The people who are taking these loans because it's the only way they can afford their house are exposing themselves to a lot of risk. 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