ST Alpha - "how is something that is mortgaged more liquid than something you own outright? -- nm" (Reading a Post)

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In response to "... to keep assets liquid, maybe? -- nm" by Beryllium

how is something that is mortgaged more liquid than something you own outright? -- nm

Posted by zork Jul 16 '12, 10:07

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Responses:

cash is liquid. money tied up in a mortgage is illiquid. -- nm - amanda Jul 16, 10:09 2
- s/mortgage/house, yeah -- nm - Beryllium Jul 16, 10:11 1
  - "here's a cheque" "here's the deed" vs. "here's a cheque" "we have to wait until the mortgage company does all the paperwork" - zork Jul 16, 10:14

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