Can your house be liquid capital?

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Can your house be liquid capital?

Can your house be liquid capital

2007-11-17 17:16:26 · 4 answers · asked by lol 3 in Business & Finance ➔ Personal Finance

4 answers

no -- it can drop in value over night -- just like a stock market!!!

2007-11-21 09:03:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Generally no, but it depends on the market.

Liquidity refers to the ease with which you can sell an asset at a "fair" price. During the housing boom it was not uncommon to hear of houses being bought the same day they were listed for sale. That's pretty liquid.

Usually "time on market" is months or even years.

2007-11-18 01:26:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋

If you own it outright (without a mortgage).

2007-11-18 01:23:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋

2007-11-18 01:23:51 · answer #4 · answered by Rana 7 · 0⤊ 0⤋