I'll throw my two cents in. I am in the middle of a house being an investment. Here is my reasoning. If you pay rent for 30 years at $1000 month, then you are out $360,000. If you get a $200,000 loan at 6% on a $250,000 house, then you will pay $431,000 total or (231,000 in interest). At the end of the 30 years, you will have a paid for home which probably has gone up in value. If you continue to rent, the only thing that will probably go up is the price of rent. That means, you will be out much more than $360,000. So, in that regard, a home is an asset. Now, there are other expenses along the way such as insurance, upkeep, etc... so that needs to be factored in. That is how you end up on the liabilty side of things.
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