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      07-25-2012, 07:48 AM   #33
gatorfast
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Drives: MR E90 M3
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Quote:
Originally Posted by Q4P View Post
A mortgage isn't something that I would consider debt... this is especially true if you are paying for a house you can truly afford. A house is an asset not a liability...
The book "Rich Dad Poor Dad" views this differently. I suggest reading it. Many people who are underwater on their homes certainly dont consider them an asset...