Thread: Why is my income and my future "recession proof" ??
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Old 04-05-2008, 12:37 PM  
ADL Colin
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Join Date: Feb 2001
Location: Tube Titans, USA
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Quote:
Originally Posted by ztik View Post
I would take it out of my bank account?

A mortgage is a liability not an investment. What happens if your house value drops down to nothing and you end up owing more than your house is worth?
Sure, a mortgage is a liability and a house is an asset. I've never considered my home a "investment" but ... You have $50k in the bank and rent?
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