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it has been much said that a house is always an asset. This might well be the case if your house is a rental property, but if you live in the house and you are paying bills to keep that house running then technically that house is a liability to you. In fact how much of a liability it will be to you will be known if you lose your job and can’t pay the bills to keep that house going. the dictionary does not define the word asset that clearly but the main thing is if you are getting an income from that house then surely it has to be an asset.


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