Do you agree that houses are liabilities and not assets? You should! Here's why:

I'm taking this from Rich Dad Poor Dad and paraphrasing so bear with me. A house is a liability because it causes outflow of money, not inflow. The definition of a liability is something that you have to spend money on regularly and the definition of an asset is something that generates money for you regularly. So... since you regularly spend more money on a house than it brings in for you, it is a liability!!!!!

The exception to this, obviously, is a house that you rent out and get rent for. Then it becomes an asset.

You really did read the book. Pretty basic once you think about it, eh?

Of course I read it and it was good.

IMHO, a mortgage is a forced savings.

I guess I can see what you mean but it's a pittance of a savings compared to what you actually spend on it so I still have to think it's a liability.