ilmscore | Home and Car as Liabilities (under certain conditions) Predictions
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Home and Car as Liabilities (under certain conditions)

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A personal residence and a car are not considered true 'real assets' by this definition because they require ongoing payments (taxes, insurance, maintenance) and do not generate income, even if they have equity.
"that's why the home that you live in is not a real asset because if you stop working you still have ..."
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