Quote:
Originally Posted by CoachKandSportsguy
And that's any different than houses? cars? groceries? memberships? a lifestyle? jail time?
if you think its worth the price or cost, then you have a tendency to buy, if not you pass. .
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Everything you listed is a liability. Your house is not an asset, it’s a liability. Unless you sell it, make money renting it out, it’s a liability even if it’s paid off. You have to pay property taxes on it, insurance on it, and if you don’t pay your taxes, they can take it from you.