Is your house an asset or a liability?

[LivingAlmostLarge]

Nobody can predict the future. But the past may provide a window into the future. If rent shot up, that could change someone's trajectory for sure.

I think I prefer housing security in our retirement model. If for nothing else than the security of it, and that can be worth a mint.

I think it depends like Disneysteve mentioned. A senior rental that is fixed or not subject to rental increases could make a huge difference.

But then if you are subject to rental increases you have no crystal ball. But then again you can always change the equation depending on where you are and what circumstances happen

[disneysteve]

I think it depends like Disneysteve mentioned. A senior rental that is fixed or not subject to rental increases could make a huge difference.

But then if you are subject to rental increases you have no crystal ball. But then again you can always change the equation depending on where you are and what circumstances happen

Owning is no guarantee either though. When we bought our house, property taxes were $3,000/yr. Now they are over $8,000/yr.

[LivingAlmostLarge]

Owning is no guarantee either though. When we bought our house, property taxes were $3,000/yr. Now they are over $8,000/yr.

mine went from $8k to $15k property taxes

[srblanco7]

On your personal balance sheet (or net worth statement) a house is an asset. From an annual spend perspective, it's a "liability".