- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 7/31/13 at 4:17 pm to Sigma_
My problem is not math. My problem is linquistics.
I'm reading posts up in here that say two opposing things.
1. If you owe 100K on your house (your mortgage) that is not a liability. Therefore, it does not compute in the 'asset minus liability' formula for determining net worth.
2. If you owe 100K on your house (your mortgage) that is indeed a liability. Yet, that still does not compute in the 'asset minus liability' formula.
A thing cannot BE a liability and NOT a liability at the same time.
Maybe we should do a poll:
Is what you owe on your house a liability? Yes or No?
I'm reading posts up in here that say two opposing things.
1. If you owe 100K on your house (your mortgage) that is not a liability. Therefore, it does not compute in the 'asset minus liability' formula for determining net worth.
2. If you owe 100K on your house (your mortgage) that is indeed a liability. Yet, that still does not compute in the 'asset minus liability' formula.
A thing cannot BE a liability and NOT a liability at the same time.
Maybe we should do a poll:
Is what you owe on your house a liability? Yes or No?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News