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03-02-2012, 12:03 AM
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#2051
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Banned
Drives: 3.5 wheeler
Join Date: Feb 2012
Location: sydney
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Quote:
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Originally Posted by MrBlonde
Quote:
Originally Posted by BBK
That's kind of like saying if someone steals your money it's ok as long as you don't notice...
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Incorrecto. If you buy a property at $X and for one reason or another it is valued at < $X some time afterwards, only your assets vs liabilities change on paper. Your cash situation is actually improved after tax.
You hold the property and after time it is valued > $X, at which time your assets vs liabilities is looking good AND you can realise a cash profit should you (unwisely) decide to sell.
Unlike shares, property can never become worthless. |
Bullshit!
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