I meet many people who consider their living home as an asset. Nothing can be further from the truth.
An asset keeps money in your pocket month after month, year after year. Does your personal home do that? NO.? Stop calling it an asset then.
In fact it’s a liability until you have paid off your loans in full. You need to continuously spend for its maintenance, taxes etc.
Every liability you have is someone else’s assets. That’s why many MF portfolios hold stocks of well managed housing finance companies and get a handsome return from it.
Just think, every home loan given by a bank is called by them as an “Asset Product”. The home is the bank asset while the borrower has the liability.
THINK about it.
Happy Investing !!