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is an house an asset or a liability?
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[QUOTE="cmoneyspinner, post: 82495, member: 25593"] Many home buyers have learned the hard way that not all houses turn out to be a wise investment. However, in theory, a house should be an asset. Even though you may have to create a liability (such as a mortgage) to purchase a home … the value of your home should appreciate over the years and be much greater that the debt or the loan that you have to pay off. A mortgage note is usually paid off after about 30 years. But many people live in the home for longer than that (some happy marriages last for 60 years) and the homeowners often leave the home to their children or even grandchildren. [/QUOTE]
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is an house an asset or a liability?
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