BrianB
Recycles dryer sheets
13.7% We have paid off our mortgage and don't count our town home as an "asset" or part of our net worth.
I believe that an asset is something that puts money in your pocket, and a liability is something that takes money out of your pocket. A primary residence is in that second category, in my opinion.
If we sold & purchased another residence we would not have the money, if we sold & rented we would need the $100k+ to generate the income for rent.
I believe that an asset is something that puts money in your pocket, and a liability is something that takes money out of your pocket. A primary residence is in that second category, in my opinion.
If we sold & purchased another residence we would not have the money, if we sold & rented we would need the $100k+ to generate the income for rent.