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.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment
Share your thoughts and ask your questions here.
Only restrictions are no spam, discrimination, and/or harassing others.
By commenting here you assign us a irrevocable, worldwide, perpetual and royalty free license on your copyright to reproduce your comment, in whole or in part, as we unilaterally deem fit.