Quote:
Originally Posted by antennahead
A home is a liability? And what school of economics did you graduate from? The loan on your home is a liability, balance sheet wise. The property itself is an asset. If you buy right, and in this economy there is no better time to get a deal on a home, you will over time almost always have an appreciating asset. Yes home values have dropped in this recession, but if you have owned for years, the long term appreciation is still there.
John
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Georgetown University, and you? Home = maintenance, insurance, higher utility bills and other associated costs...... thus a liability until sold. Also does your home truly "appreciate" or is it's higher "value" in direct correlation with the depreciation of the United States dollar?
