Tuesday, April 16, 2013

Think of your house as a Liability not an Asset here are my thoughts.

Assets bring in income that you don't have to work extra for in the form of rents, dividends, capital gains, royalties, and so on.

Houses generate expenses like insurance, mortgage payments, maintenance expenses, taxes, you get the idea.

If I ever seem negative on home ownership I'm not I absolutely want a house one day.  I just want to get people to think outside conventional wisdom so that they can better invest their money before and after their home purchase.

What are your thoughts on this?  What do you think of home ownership?

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