Quote:
Originally Posted by blankall
You could make that analogy with any asset. The stocks you have could become worthless too. The money in the bank account could undergo inflation and be worthless.
The simple fact of that matter is as long as you are above water on the mortgage your assets are worth more than your debts and, on the whole, you are not in debt.
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You are still in debt. You still have debt. You owe a debt to the bank. That is going nowhere unless you pay it off. Whether you are in a net equity or net deficit position, you will still have debt if you owe money.