Quote:
Originally Posted by THE SCUD
and they would be wrong. My suggestion is this: You are immediately excluded from being able to purchase a home or procreate if you believe in any way that a mortgage is not a debt. It still blows me out of the water that a guy who sells homes for a living posted this.
A mortgage is debt. It's debt used to acquire an asset, yes. And you can look at a "net asset' (value of the home less the mortgage value) to get the 'net asset value' of your home, however there is no getting away from the fact that your mortgage is debt.
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The fact that 46 people agreed with him is even more shocking.