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as long as your mortgage remains the same and you can pay it, what difference does it make if your house is worth 1 Million or 100K?? the only problem is IF you want to sell it , then your mortgage might be more than your house value. so when you sell, you have to add money to cover the balance on the loan.
either way, your house is not a business. it's a liability. It's an asset, but for the bank. They make money on the interest. It's also an asset for the insurance companies, the local government, and all your maintenance contractors.
Last edited by on-ramp; 07-05-2006 at 08:01 AM..
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