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This is really only half the truth. If your home is taking money out of your pocket, (i.e. in the form of a mortgage), instead of putting money in your pocket, (i.e. in the form of rentals or home businesses), it is a liability, not an asset.
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Negative equity is a term to describe when the current value of your home is less than the amount you have outstanding on your mortgage. consider whether you’re prepared to lose money before you.
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