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re: Percentage of net worth "invested" as equity in your primary residence?
Posted on 1/15/14 at 2:02 pm to I Love Bama
Posted on 1/15/14 at 2:02 pm to I Love Bama
quote:
I understand some people have an emotional connection to where they are living and that is what led to my "financially immature" comment. A house is a liability, not an asset.
A house can also have economic value far exceeding financial value and you are being a little dismissive with the "emotional connection" piece. I would rather splurge a little on a house that I love than I would on something with 4 wheels that gets me from point a to point b for example.
IMO,there should always be a balance between enjoying it now and saving for later. I used to take it to the extreme with saving and frugality, but I've found greater balance and enjoyment over the last few years in spending a little money.
(I don't post much, but lurk often and enjoy your posts, by the way)
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