Re: Is Your Home An Asset or Debt Trap?
I agree with you HalMD. I suppose the only time you can look at a house as an asset is if it's income producing. Also, if you're doing a Trust, your home is listed as an asset. But, in all honestly, it takes money away from you in repairs, various insurances, taxes, and work. So it is what it is, a place to live. When I hear people talk about how much their houses are worth ------- I want to yell Don't you know that you're going to be paying more in taxes and insurance because of your new worth in your house. Some people just don't get it. Aleta
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