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Is a house really an asset? Or is it a liability?

Someone asked me this question many years ago. “Why is property an asset when most of everyone owes most of the value of the house to the bank?” I replied, ‘most of the price you bought, not the value.” As for whether it is an asset or a liability, maybe we look at it from … Read moreIs a house really an asset? Or is it a liability?

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