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An interesting question...
I took a loan for the purchase of my house but otherwise avoid debt...cars I pay for in cash and while I regularly use credit cards for convienence (beats carrying a wad of grrenbacks) I do pay the balance off in full each month.
While I understand the comments on wealth versus happiness and agree that they are not the same thing...I think the big issue for me in this is that money borrowed t buy things always makes the price of things much bigger due to the interest payments...
Depending on the interest rate on the loan you might find that the actual cost of the item might be a lot higher than you think. As I pay back my house loan I try and understand how much of my monthly payment goes to pay back prinicpal and how much goes to interest...it can be scary to realize how much more money I pay over the life of the loan.
Debt used properly can be a useful tool for accumulating assets but I would not go into debt for my hobby (astro or otherwise)...
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