Audio Debt?

I'm a moron. I bought a pair of Dynaudio Temptations and a new tonearm thinking the two real estate deals I had going were closing. At the last minute the guy dropped out and killed both deals. Now I am $9,000 in debt. You know what though I don't care. I got a 2.99% interest rate on my Citibank card. My speakers are amazing and I am loving them. So I may be a moron but I have one kick ass system.

OK. Let's be honest here..How many of you who have answered to this thread bought a piece of audio equipment more than $500,$1000,$2000,$3000,$5000,or $10000 and pay cash for it?

Every piece of audio gear we've ever purchased ($6K was the priciest component) we paid for with cash. No, not the home equity loan version of cash that has been tossed around the past few years. Only the greenbacks. We have no debt, and won't until we purchase a house...but only after the market crashes, thank you.

My system was purchased with cash. No debt. I won't go into debt to purchase discretionary entertainment items.

If you wait until you can afford it, you may no longer be able to hear it.

I financed my first system in 1973. I had forgotten that until I read Ozfly's confession. Ever since then, I have provided myself with upgrades by trading audio equipment. In fact, after thirty-odd years of swapping, I'm very sure that I have no money at all in my system and might actually have profited. Who knows?
Certainly, when the years of use and enjoyment are factored in, I can say I have profited enormously.
This would seem to indicate that I am philosophically opposed to borrowing to buy audio gear, but after reading some of the arguments here, I can see where it makes sense for some. After all, if you buy new, depreciation on this stuff badly eclipses any reasonable interest rate. However, if you are paying a credit card company 23.99%, refer to the first post by Narrod.