Tuesday, April 12, 2011

Bank Of America CEO Agrees - Your Home Is Not An Asset

Today, the C.E.O. of Bank Of America, at a summit of state attorneys general, said that some people should not think of their homes as an asset. He was only referring to people who live in areas where there is low population growth and where, therefore, demand for housing won't create pressure to increase home values.Personally, I agree. Even though I stopped reading his books years ago, I still subscribe to Robert Kiyosaki's definition of an asset as something that puts money into your pocket. By that definition, your home is not an asset.

1 comment:

  1. To finalise, weekend payday loans are a unique solution suggested by the lenders for your unforeseen financial challenges. These timely aids, don’t let you feel the pressure of cash shortage even on weekends.


    http://weekendpaydayloans.directlendersuk.co.uk/
    http://sundaypaydayloans.directlendersuk.co.uk/
    http://weeklypaydayloans.directlendersuk.co.uk/
    http://12monthloans.directlendersuk.co.uk/

    ReplyDelete

 
Copyright © 2012 · Money Loan , All rights reserved | Proudly Powered by