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To What Extent Is Buying A House An Investment?
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[QUOTE="Black Panther, post: 11481, member: 3"] You see, owning a house comes with a constant need for maintenance and that in itself will cost you money depending on how well you look after the house. This means we have to classify your own house as a liability since it's taking money from your banking account or from your cryptocurrency wallet. But if you own a second house and decide to put in a tenant then the that will result in you earning rental income which is an asset. The most important thing to remember is that assets are things which increase your net worth whilst liabilities are expenses which reduce the value of your net worth. [/QUOTE]
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To What Extent Is Buying A House An Investment?
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