ilmscore | Prediction Details
"See, what the average person does, the middle class person is they are working to make money to do one thing, buy nicer things. The average person is working harder to drive a better car, to earn a bigger home, and to go on nicer vacations. [...] But the reality is, your home is only an asset if you can sell it for a profit. But until you sell it for a profit, when you buy that home, not only do you have to make the mortgage payments, but you also have to pay for all the upgrades, you have to pay for all the maintenance. You have to pay for the property taxes, you have to pay for the insurance, you have to pay for the HOA, and you have to pay for anything else to take care of the property."
By Minority Mindset | March 3, 2024 | Pending
From video
MASTERCLASS: The SECRET To Never Be Broke Again 01:13:14 - 01:16:17
Interpreted Prediction
For most people, a home is a liability due to ongoing expenses like mortgage, upgrades, maintenance, property taxes, insurance, and HOA fees, only becoming an asset if sold for a profit.

Prediction Details

Topic
Home Ownership as Liability

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