Isn't it a bit suspicious though when you offer to buy a house and give the bank a few briefcases of non sequential $20, $50, or $100 bills?
Also debt is important but you have to be smart about it. A house is an investment, sure you could rent for less but at the same time with a house you're building equity to be able to borrow against later (if needed).
Contrary to drake I see debt as an important and needed part of the economy, you just have to be smart about it. If you look at America, it's because they were too stupid to realize that they weren't borrowing properly and now someone somewhere (probably in Japan, or China (old but still good info
)) is laughing all the way to the bank.