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House: An asset or liability?

May 24, 2009 07:30 by Sze Hau 3 Comments

Recently talked to a friend during our “yum cha” session:

Friend: Hey! I bought a house. I think it’s time for you to buy home, it is a good investment.

Me: You rent it out?

Friend: No, I will be staying inside.

Me: Come on, you are not doing investment, that’s your liability…

Friend: I think it is a good investment to me …

Me: Hmm.. you bought a home and that’s your liability. To me, you just secure your capital. If your house helps you generate positive cash flow, then that’s an investment … 

Friend: I have a conservative mind, I still think it is a kind of investment.

 Me: Hmmm …

What do you think.

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Filed Under: life log Tagged With: asset, income, investment, liability

About Sze Hau

Geek. Love programming. Coffee addicted. Married with a child. Working towards financial freedom.

Comments

  1. EngLee says

    May 27, 2009 22:42 at 10:42 pm

    Liability.

    Reply
  2. zewt says

    May 28, 2009 21:47 at 9:47 pm

    agree… if you are staying in it… it’s a liability.

    Reply
  3. Steve Yu says

    May 31, 2009 15:28 at 3:28 pm

    Like Robert Kiyosaki always said, “Your house is not an asset!”

    Reply

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szehau’s weblog

szehau is a software programmer that has strong interest in the world of programming and Internet. He is graduated in University of Malaya, Malaysia with a Bachelor’s degree in Software Engineering. He draws on his passsion for web programming to share with others how to build a successful websites.

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