ST Alpha - "Making payments is purely a cash flow issue. The value of your assets is a balance sheet issue. They're not the same." (Reading a Post)

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Making payments is purely a cash flow issue. The value of your assets is a balance sheet issue. They're not the same.

Posted by pmb (aka pmb) Feb 20 '09, 14:12

In real life people don't figure their net worth on a daily basis. It's irrelevant for day to day living. What matters is cash flow. People don't sell houses because they decline in value unless they are holding it only for investment purposes and not as a residence.

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- Seriously Jack, you're all over the place on this. - pmb Feb 20, 14:19

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Making payments is purely a cash flow issue. The value of your assets is a balance sheet issue. They're not the same.

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