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What does that have to do with owing a bank 300k and then your assets are worth ~150k?
by nonbel 8y ago
What does that have to do with owing a bank 300k and then your assets are worth ~150k?
- cinquemb 8y agoI made the joke (about what is considered a depreciating asset or not) on an S&P e-mini forum a couple of days ago that went something this: Most people don't buy houses, they buy mortgages worth $x00,000 on an "asset" that goes to being valued at $x00,000 / 2 when interests rates double…