this post was submitted on 07 Nov 2024
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Political Memes

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[–] JackbyDev@programming.dev 6 points 1 month ago (1 children)

Mortgage? No. Equity in a house? Yes.

[–] FlyingSquid@lemmy.world 2 points 1 month ago (1 children)

Equity in a house is not all that helpful when the house is in an undesirable town in an undesirable state.

[–] JackbyDev@programming.dev 4 points 1 month ago* (last edited 1 month ago) (1 children)

My point is just that a mortgage is debt while equity is an asset, so I don't think you should consider a mortgage wealth.

[–] FlyingSquid@lemmy.world 1 points 1 month ago

Oh, I see. Yes, I agree.