3 ms·

It depends also if the money is going towards rent or a mortgage. If it's the latter you can always sell your house to get more cash.

• dragonwriter 10y ago
  > It depends also if the money is going towards rent or a mortgage. If it's the latter you can always sell your house to get more cash. Not always, only if you have positive equity. Its quite possible to have a mortgage without that.
  • xyzzy4 10y ago
    Well it's probably foolish to go even more into debt with a mortgage if you are at risk of having a negative net worth.
    • dragonwriter 10y ago
      > Well it's pretty foolish to go even more into debt with a mortgage if you are at risk of having a negative net worth. Negative equity is usually something that happens after you take a mortgage. And whenever you take a mortgage, there is a risk of getting into a negative equity situation (though the degree of risk varies.)