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Originally Posted by wdforty
The house you live in would be seen as an asset if you sold it for more than you bought it, right?
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to be honest that's just a way to justify the money being an asset but in reality you'll dump it into another house and most likly won't profit from it.
think like this - if the value goes up - to get another place that keeps you in the same status - you have to spend just as much - so there really isn't any asset value to it unless you want to LOWER your standard of living and that just sets you back - mentally and socially.
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This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!
Now read without the word dog.
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