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Real Estate
Reply to "What % of your income goes towards your mortgage?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]25% of our gross income goes to mortgage & property tax. No regrets. We see it as [b]an investment[/b] & enjoyment of our home.[/quote] This may stir some emotions, but an investment is an asset that produces you a steady income. If its costing you money on a monthly basis, like an owner-occupied home, its a liability. :-)[/quote] Really? The mutual funds I hold in my 401k aren't investments? OK. [/quote] If the mutual funds provide dividends, then yes, if not its asset price speculation.[/quote] Whoever taught you that investments only count if they pay out on a regular basis was flat out wrong. Plenty of investments only pay out when they are sold, or they have positive value only in certain circumstances. Literally any asset for which you can do an NPV calculation in expected value terms is arguably an investment. You also clearly don't know what a liability is. - an economist[/quote]
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