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Thank you. Would houses be the most prolific example? ie: they function as an asset, but also as a liability re: maintenance, disaster, market trends.
by kelseyfrog 3y ago
Thank you. Would houses be the most prolific example? ie: they function as an asset, but also as a liability re: maintenance, disaster, market trends.
- topaz0 3y agoThe house is a good example, but it's worth being careful: the point is that the house is not a liability. There are liabilities associated with it, starting with repayment of the loan that you used to buy the house (for most people), but also maintenance, insurance, taxes, etc.