Saturday, March 06, 2010

Real Estate Tip of the Day

A house that you live in is not an asset, no matter who tells you otherwise, but instead a liability. It may be a good liability to have, but when more money is going out than coming in, its a liability. It can only become an asset through appreciation, which is speculative at best and should not be relied upon as part of your purchasing decision if you are a prudent investor. Mindset changes everything, with realistic expectations, you can manage your life.