[Paluka]

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RK says that any expenses you pay or any item you own that is depreciating are liabilities and anything that nets you money is an asset.

according to him, a house that you live in is a liability, or more accurately the mortgage is. bankers and accountants call a house an asset. in a way, a house really is an asset because you lose less money then you would have had you rented living quarters instead.

he actually makes it seem to his readers that owning your own home is a bad idea. the closest in his books that he has come to rectifying what hes said about this is that there is good debt and bad debt. good debt makes you money and bad debt makes you lose money. owning a home is good debt for the most part. hes never said that.

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This seriously is the most boring, uninteresting topic there is. How do you guys make it through one of these books?