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Ips: real estate in the asset base

Would you ever consider someones personal residence in the asset base? This came up in a past exam. How the fuck could this even be considered???

I would never consider that as part of their portfolio. The only time I’d make a reference to it is in unique circumstances if they plan on donating their residence to charity.

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yeah, i never include it and that’s one of the few things i was right about.

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