Quote:
Originally Posted by chops147
on my wages I couldn't but a hose at all. Remember a house is not an asset it's a liability. It only becomes an asset when you rent it out.
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Disagree.
A home is an asset it can be converted to cash. A mortgage on the house is a liability. If you're living in a home and it's worth more than your mortgage all is well.
Someone might have a mortgage on a house which is costing them more than they get back from renting it out...
Anyways, yes it's good to save but it's more fun to spend.