Traiters tend to post on other blogs but posting on other blogs doesn't make you a traitor.
Are members that post on other blogs traitors?
Depends which blog.
So which blogs have you been posting on?
Is DOC a traitor?
Is Dan a Traitor?
We are in JS.
When calculating ones net worth do you count the value of a financed car to counter the debt owed on the car ?
Oftentimes, we answer a question with a question. others would have just said "no".
Why wouldn't you?
yes.Net worth = assets (stuff you own) - liabilities (amount you owe)
Right, thats why you would consider a house towards your assets but unlike the value of a house a car's value depreciates.
I believe the theory is that although the physical house (including plumbing etc) may depreciate, the properties appreciation is generally going to be more than the depreciation. Essentially, you have net appreciation.
Except recent history has blown that thinking out of the water.
That's wasnt due to depreciation, the value of the house at purchase was artificially inflated.Overall value of a property typically will increase or at least will stay about the same. Of course there will be exeptions but this is the general rule.The opposite is true with a car. Over time it will eventual decrease in value until its worht next to nothing. Of course there are rare exceptions as can be found with classic cars.
That is very dependent on location and the reason makes no difference. The fact is that value didn't keep up with depreciation.