Comments on: Your house: an asset or a liability?

By: Millionaire Acts

Millionaire Acts — Tue, 06 Jan 2009 03:02:00 +0000

Based on the principles of Kiyosaki, I blogged about “house: asset or liability”

By: richard

richard — Tue, 02 Dec 2008 02:33:41 +0000

The lot appreciates but the house doesn’t. Statistically speaking, the price of lot per sqm 20 years ago is much lower that the price today.

By: Francis

Francis — Sat, 29 Nov 2008 16:36:57 +0000

It is an ASSET that depreciates.

Depende sa accounting practice na gagamtin mo, if you say after 10 years depreciated na sya at nakatayo pa eh d meron kang bahay na pwede mo pamigay at d na rin asset kasi wala na value.

By: simpyaw

simpyaw — Sat, 29 Nov 2008 00:15:43 +0000

At first I have known that house is an asset that many people are thinking.

Like a typical filipino quote “Nakapundar na siya ng bahay”, which many believed is an asset already. But after reading the book of R.Kiyosaki, he made me changed to the way I’m thinking right now.

By: charles

charles — Fri, 28 Nov 2008 19:09:13 +0000

For me, asset does not only roam around money. How about family? Its a family asset. It is for the future of the family. It’s not a family liability.

By: Millionaire Acts

Millionaire Acts — Fri, 28 Nov 2008 10:57:51 +0000

Do we consider here ‘House Only?’ or ‘House and Lot?’ For me, if it’s a house only, then no questions asked but it’s a liability as we have some maintenance costs. However, it is a needed liability since shelter is one of our basic needs. So we cannot escape this liability.

If it’s a house and lot, then it can be an asset as lot price can increase value over time depending on the development of the neighborhood area which you can then convert it into cash when time comes.