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View Poll Results: Is a home an asset or liability? | |||
Asset |
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17 | 56.67% |
Liability |
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7 | 23.33% |
I live in tater's whore of an ex-wife's chlamydia infested vag. |
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6 | 20.00% |
Voters: 30. You may not vote on this poll |
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#1 |
WSB Champion
Join Date: Feb 2008
Location: Springfield, MO
Posts: 7,146
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Which do you think and why?
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#2 |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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House is an asset
Mortgage is a liability |
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#3 |
What?
Join Date: Nov 2008
Location: Lancaster, PA
Moto: Dirt
Posts: 578
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__________________
Lean till you see sparks. If they are coming from your pegs you are doing good. If they are coming from you tank, you've just gained wisdom... Wisdom usually hurts. |
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#4 |
Follower
Join Date: Nov 2008
Posts: 5,549
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__________________
Racing For Smiles |
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#5 |
Follower
Join Date: Nov 2008
Posts: 5,549
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I wish more people treated their home as a liability rather than an "investment".
__________________
Racing For Smiles |
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#6 |
WSB Champion
Join Date: Feb 2008
Location: Springfield, MO
Posts: 7,146
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#7 |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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Because of the dictionary.
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#8 | |
SFL Expatriate #2
Join Date: Nov 2008
Location: Raleigh, NC
Moto: CBR1000
Posts: 2,043
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![]() Quote:
And the value of the asset is current market price less your current mortgage payoff. If that gives you a negative number your house has become a liability, which will become painfully evident should you need to relocate. |
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#9 | |
WSB Champion
Join Date: Feb 2008
Location: Springfield, MO
Posts: 7,146
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#10 |
Soul Man
Join Date: Nov 2008
Location: Everywhere, all the time.
Moto: '0000 Custom Turbo Cross (with jet kit).
Posts: 6,481
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Because he slept in a tent once, and figured out the difference.
If you're not getting divorced, or fleeing the country, a house is an asset. JC
__________________
The way things are going, they're gonna crucify me. |
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