Personal Finance, 4e (Madura) - Home - Carlisle County ...

Answer: It is an expense since the interest expense and taxes are tax deductible. A home builds equity from which a loan can also be made through appreciation. Therefore, the purchase of a home is an expense and an investment. Page Ref: 256. Question Status: Existing/Old. 10.2 How Much Can You Afford? True or False ................
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