Taking loans would be only that worth if we do make use of it on applying it into making some business or investment, but if you are that taking up a loan just to buy with those liabilities then you are just that simply digging your own grave. Its important that whenever you are deciding on taking up a loan then it will be that recommended that you should make use of it on something that could benefit you in the future or in long term. You shouldnt be that making yourself that getting tied up into buying those shit things that doesnt benefit you out. There are just that those times that you are that wanting to buy something because of this and that but you should be always considerate into the potential effects on which it could happen into your life. Always make sure that your decisions wont be putting you out into a tough situation.
Businesses on those pandemic times then you can be able to pinpoint on which one will be able to survive out those times and becomes profitable. Each situation will be having that corresponding effect on things around, so it is that being anticipated on this case.
That's why I'm not against taking a loan, but it has to be reasonable. As I've already mentioned, most people have suffered losses in their businesses during the global pandemic caused by Corona, and now if they take a loan to recover, then I certainly wouldn't call it a bad thing.
I would say bad is when we waste money and try to take loans, I have seen many people who have spent their entire salary that month on gambling and later took loans from other people, that too at high interest rates. Of course, I dislike taking loans in such cases.