Additionally, that hypothetical neighbor you speak of, well if really did just pull the trigger, then he’s already lost money in this market. If he were to turn around and immediately put that property back on the market, he would lose money on the fees to do so not to mention the declining values and I won’t even get into inflation.
Second, net worth is defined as Assets MINUS LIABILITIES. You see, I was trained in accounting..I know those kinds of things. My net worth is largely liquid..not tied up in depreciating asset and we have 0 debt. Yes, not even student loans.
Once again Raybyrnes, you are not prepared.
Keep posting there Raybyrnes, it’s fun to watch you get shot down in flames everytime. It is truly entertaining.
