Quote:
Originally Posted by maat55
Like steve said earlier, it's only an asset if you sell it.
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Quote:
Originally Posted by Scanner
So's a stock or mutual fund.
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Scanner, that's true, but the difference in my mind is that if I sell a stock or shares of a mutual fund, I don't have to replace them. I can take the cash and spend it however I choose. If I sell my house, however, I need to replace it to continue to have somewhere to live. Only if I buy a cheaper home would I actually realize any cash from the deal.
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Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.