Comments on: Your House: Asset or Liability? http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Tyrone Solee http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-188435 Tyrone Solee Wed, 18 Feb 2009 00:32:27 +0000 http://wp.consumerismcommentary.com/?p=935#comment-188435 Hi, I have made the same article on my blog and this is one of my most commented article. You will be surprised by the various comments that my readers gave. Great thoughts there and they have proven somehow that not all Kiyosaki teachings are correct. Hi, I have made the same article on my blog and this is one of my most commented article. You will be surprised by the various comments that my readers gave. Great thoughts there and they have proven somehow that not all Kiyosaki teachings are correct.

]]> By: fivecentnickel.com http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2054 fivecentnickel.com Sat, 18 Mar 2006 06:23:55 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2054 <strong>Weekly Roundup - 03/17/06</strong> Happy St. Patrick’s Day! It’s that time again… Time to put together my weekly roundup of the best personal finance posts from the MoneyBlogNetwork and beyond. First off, I just discovered the joy of podcasts… More specifically,... Weekly Roundup – 03/17/06

Happy St. Patrick’s Day! It’s that time again… Time to put together my weekly roundup of the best personal finance posts from the MoneyBlogNetwork and beyond.
First off, I just discovered the joy of podcasts… More specifically,…

]]> By: Free Money Finance http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2053 Free Money Finance Fri, 17 Mar 2006 14:46:58 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2053 <strong>Star Money Articles for the Week of March 13</strong> Here are interesting posts this week from the MoneyBlogNetwork members and beyond: Blueprint for Financial Prosperity is using 0% balance transfers to pay off debt. Consumerism Commentary asks if your house is an asset or a liability. AllThingsFinancia... Star Money Articles for the Week of March 13

Here are interesting posts this week from the MoneyBlogNetwork members and beyond: Blueprint for Financial Prosperity is using 0% balance transfers to pay off debt. Consumerism Commentary asks if your house is an asset or a liability. AllThingsFinancia…

]]> By: Mighty Bargain Hunter http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2052 Mighty Bargain Hunter Fri, 17 Mar 2006 09:53:18 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2052 <strong>Roundup for week of 13 March 2006</strong> Here are some of my favorite posts for this week: Here’s a good discussion on when to start giving your children an allowance. (All Things Financial) Pay down your debt with 0% balance transfer offers. (Blueprint for Financial Prosperity) Is y... Roundup for week of 13 March 2006

Here are some of my favorite posts for this week:

Here’s a good discussion on when to start giving your children an allowance. (All Things Financial)
Pay down your debt with 0% balance transfer offers. (Blueprint for Financial Prosperity)
Is y…

]]> By: Sean http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2051 Sean Fri, 17 Mar 2006 08:46:02 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2051 This line of thought (house being a liability) drives me absolutely batty every time I stumble across it. Your <b>house</b> is not a liability; your <b>mortgage</b> is a liability. An asset isn't necessarily a money generating piece of property... This line of thought (house being a liability) drives me absolutely batty every time I stumble across it. Your house is not a liability; your mortgage is a liability. An asset isn’t necessarily a money generating piece of property…

]]> By: mbhunter http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2050 mbhunter Thu, 16 Mar 2006 10:39:35 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2050 I side with Kiyosaki on this one. My home is a liability because it costs me money. A rental with a positive cash flow is an asset. I don't even consider my equity in my net worth. I side with Kiyosaki on this one. My home is a liability because it costs me money. A rental with a positive cash flow is an asset. I don’t even consider my equity in my net worth.

]]> By: RS http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2049 RS Wed, 15 Mar 2006 22:16:02 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2049 I agree that your home should be considered a liability...as long as I am paying my mortgage every month, then it is a liability to my cash flow. I agree that your home should be considered a liability…as long as I am paying my mortgage every month, then it is a liability to my cash flow.

]]> By: Steve Mertz http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2048 Steve Mertz Wed, 15 Mar 2006 21:31:48 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2048 I'm a huge believer in owning real estate (your home) as well as rental properties-if that's what you want. But...until that house is generating some cash flow it can sure give people a sense of false security. I’m a huge believer in owning real estate (your home) as well as rental properties-if that’s what you want. But…until that house is generating some cash flow it can sure give people a sense of false security.

]]> By: Flexo http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2047 Flexo Wed, 15 Mar 2006 21:16:57 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2047 Thanks for the clarification, Shaun. I think the distinction between owning a home with or without a mortgage and owning a home that produces net income may be overlooked by the less astute. I'm not familiar enough with Kiyosaki's writings but I do see how they are interpreted by individuals who follow him. Thanks for the clarification, Shaun. I think the distinction between owning a home with or without a mortgage and owning a home that produces net income may be overlooked by the less astute. I’m not familiar enough with Kiyosaki’s writings but I do see how they are interpreted by individuals who follow him.

]]> By: Brian http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2046 Brian Wed, 15 Mar 2006 21:14:37 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2046 I read your blog on a regular basis and it's quite good. This is more of an FYI than anything else, but regarding the "gurus" out there, have you seen this site: <a href="http://www.johntreed.com/Reedgururating.html" rel="nofollow">http://www.johntreed.com/Reedgururating.html</a> Many of the so called gurus are nothing more than shiesters who make money from books and not doing whatever it is they say will make you a gazillionaire. Hopefully everyone is at least aware of both sides of the stories. The page above does go into factual detail and not just hearsay type comments (e.g. "This guy is a crook"). John T. Reed presents actual facts on each of the people in question and gives them his own "rating." Read up and decide for yourself. I read your blog on a regular basis and it’s quite good. This is more of an FYI than anything else, but regarding the “gurus” out there, have you seen this site:

http://www.johntreed.com/Reedgururating.html

Many of the so called gurus are nothing more than shiesters who make money from books and not doing whatever it is they say will make you a gazillionaire.

Hopefully everyone is at least aware of both sides of the stories. The page above does go into factual detail and not just hearsay type comments (e.g. “This guy is a crook”). John T. Reed presents actual facts on each of the people in question and gives them his own “rating.” Read up and decide for yourself.

]]> By: Shaun http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2045 Shaun Wed, 15 Mar 2006 20:35:29 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2045 If you actually read any of Kiyosaki's stuff, you'll see he does not state your residence is an asset. In fact, he makes it quite clear that your home is a liability. This is because it takes money out of your pocket (taxes, maintenance, etc.) instead of putting money into your pocket. Only income producing real estate such as a rental property is considered an asset by Kiyosaki. If you actually read any of Kiyosaki’s stuff, you’ll see he does not state your residence is an asset. In fact, he makes it quite clear that your home is a liability. This is because it takes money out of your pocket (taxes, maintenance, etc.) instead of putting money into your pocket. Only income producing real estate such as a rental property is considered an asset by Kiyosaki.

]]> By: SingleMom http://www.consumerismcommentary.com/2006/03/15/your-house-asset-or-liability/#comment-2044 SingleMom Wed, 15 Mar 2006 19:51:01 +0000 http://wp.consumerismcommentary.com/?p=935#comment-2044 I view the concept of getting rich from real estate via rental properties and passive income (asset), not from building equity via your primary residence (liability - if still paying mortgage). I view the concept of getting rich from real estate via rental properties and passive income (asset), not from building equity via your primary residence (liability – if still paying mortgage).

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