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      07-25-2012, 08:01 AM   #34
Q4P
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Quote:
Originally Posted by gatorfast
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...
The last sentence you said sums it up... if you are smart, you wont be in that situation.
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