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Do you consider a house as an asset or a liability?

nevenash · 164 · 37750

poorguy

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@nevenash

baka si jack ang professor mo ah... :D

other people just cook their goose, or sell them agad,....... pero i agree its much better kung regular syang maglay ng golden egg...


nevenash

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poorguy

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@nevenash

haha nice, i want to know the guy who can turn everything he touches into gold eh ahhaha. anyway may magic bean ako dito, care to trade for your cow?  :D

happy investing my friend


zorah

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I disagree with RDPD that it is a liability. I mean does he advice us to rent for life? a home is one of the basic necessities. We need shelter for us to work the next day.


poorguy

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@zorah

i agree that its a necessity...but depende sa capability mo, what r.kiyosaki is pointing out, is kung meron kang enough money to purchase a house and lot and enough money in the bank for business, ok lang yun, pero if pera mo eh sakto lng, like kung magiging burden yung pagpurchase mo ng bahay,medyo d nya inaadvice to buy it, instead use it for business.
 
example, kung kailangn mo pang magloan para makabili ng bahay,tapos magiging dagdag burden sya sa bills na kailangan mo din bayaran monthly..then i think it will be a liability....

if mayaman ka namn and then it will be an asset,especially kung yung location is developed, and pwede tumaas ng value yung nabili mong bahay/lupa

rdpd, is teaching the readers kung sakaling wala kang pera to purchase a house and lot, and imbes na ipagbili mo ng one-time payment, its better to use that money sa investments, and hoping that your business/roi will be enough to cover your rent, d ka pa ganun kahirap magstart ulit from the beginning....

case to case basis din, nung bata pa kami..my father bought the house kahit wala kaming pera, kc marami kaming magkakapatid, and its a burden kung palipat lipat pa kami ng bahay, just in case magtake advantage yung landlord namin to raise the rent...kaya, its better for him to buy it and talagang isang kahid isang tuka pa kami, we need to help the business when we get a little older, and naging debt free lang kami nung graduate na yung bunso namin sa college,

if you are not good in investing, baka imbes na may pambili ka na sa bahay mo nawala pa sa puhunan sa business...cgro in this case its better for you to buy the house nalng than rent, pero buti there are rent-to-own na kaya may good option nadin ...

anyway opinion ko lang din  :D i dont follow lahat ng nababasa ko sa book nya, maganda lang yung principles minsan, pero d lahat ng pinapayo nya is para sa lahat ng tao, may kanya kanya tayong strengths, kaya its better to focus on that...


mlangseth

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zorah

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tops5450

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It depends po sa atin kung papaano natin i-harness ang potential ng house into an asset. Kung magloloan po tayo to cover the payment of the house. Its just fine as long na ung kalahati ay ipa-rent mo  and stay in the other half to avoid paying rent or ipa-rent mo the whole house if ay sarili kang property na tinitirhan. Whichever ay sa tingin ko ay you are in the win win solution po iyan as long na ang perang pumapasok or rent ay enough to cover the amortization and other expenses. my 3 cents
« Last Edit: Nov 26, 2008, 10:32 PM by tops5450 »


neo

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IMHO, House is an ASSET. [period!] Just because it incurs expenses, doesn't follow it's a liability. I-compare nyo ang house sa San Miguel Corp's Factory. Di ba panay cost and na-i-incur dun? Wala namang income dun e. Sabi nga sa accounting, isa yung "Cost Center". Kung baga yung house ang factory where you, as a "product", are being "manufactured". The corporation, basically, has the power over the manufacturing cost. You, as the owner, also has the power what cost to incur in your house.

Isang point pa po. Ibenta nyo po yung house nyo (asset) for 2,000, malamang may bibili. Ibenta nyo po yung utang nyo sa credit card (liability) worth 3,000 for 2,000. May bbili kaya? :hihi: Pamimilosopo lang po. :hihi:


tops5450

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DARKNIGHT
I believe the title of this topic "Do you consider a house an asset or liability. Mukhang naligaw ka ata kaibigan...

Please stick to the topic...

Peace.


diamond

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Ginagalit nyo si neo e. Hehe.

Dagdagan natin yang pamimilosopo mo.  Watchuthink?

If we are going to be strict about the definition of  liability as "something that takes money out of your pocket every month, wether you work or not", then life itself would be a liability.  :D

But then again, if asset is, "something that puts money into your pocket each month, regardless if you work or not", life can only be an asset if you work or you make money from your mere “existence” (ansarap nun!). Otherwise, you are worthless. Papayag ba kayo?

Unfortunately, life is not the issue here, otherwise, I think I've settled the score already. Hehe. I'ts the house that we are trying to qualify as an asset or a liability.

Now the reason, I'm giving the above analogy for, is to support what neo just said. It doesn't mean that just because we are spending some money for owning a house, it becomes an accountability.

Besides, when we talk about income, it is the “net” proceeds that matters more. Clearly having your own house increases net returns as it decreases expenditure compared to renting an apartment. Unless of course, you prefer to stay in the streets.

“Revenues and expenses” will always be part of any aspect of life, literally and figuratively. Unless of course we return to prehistoric times. When everything (I think) is neither an asset nor a liability.  :D

Or a liability! Try living during those times.
« Last Edit: Oct 27, 2010, 09:18 AM by FutureGizmo »


mbd

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di naman siguro sinasabi ni RK na magrent tayo for life... ang interpretation ko dito nung nabasa ko ang book nya eh... ok lng kung may sarili kang haus, money going  to my mortgage is always better than money going to someone else's mortgage... ang mahirap dun pagkinonsider mo na ang haus mo ay ang iyong biggest assest... dun ka in trouble kasi haus prices does always go up...tulad ng nakita natin sa US at south of england lately... maaring di natin masyadong maappreciate kasi iba nakasanayan natin... sa atin ang haus ay ibinibigay ke bunso at si bunso na ang makakasama ng mga elderly sa haus...sa western world kasi pagtanda mo ibbenta mo yung haus at yun ang biggest bulk ng pangnursing care mo...

para sa akin my haus is still a liability kasi may mortgage pa ako... cguro sa time na nagbenta na ako at nakagain ako kahit konti at nakalibreng tira ako ng ilang taon dun ko pa lang masasabi na assest cya.
« Last Edit: Oct 27, 2010, 09:18 AM by FutureGizmo »


CondoInvestor

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voltes5

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I have an idea for a house to become an asset...Every end of the month pay yourself the rent due for living in your own home.


just1362

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Either of the two. House may be considered as an asset because it is one of the basic necessities of every individual. However, this is not always the case. A house is either an asset or liability, as it will depend on certain circumstances.

We were also renting some place as our home before, but decided to have a house as our own, because we know that it is of our disadvantage to be paying something, which would never be our own. It is just like depositing money in a bank, which you will never get your money back. So, we purchased a house with the monthly amortization is within our means. We now owned the house, and maintaining the same is also within our capabilities. So, our house can be considered as an asset.

Now, we are considering selling our current house, as it could no longer serves its intended purpose and we intend to use the amount to construct a bigger house. Maliit lang kasi and there is no more room for expansion. But the problem is we do have a hard time disposing it. So, in this case, our house may be considered as liability and this also includes the lot where we intend to build our new house. Nakatiwang-wang na lang kase.

Another case is of an OFW whom I know. When this guy was still working abroad, he buys a beautiful house and lot. However, as we all know, the work of an OFW abroad is only temporary. And when the time for him to go home, he had no or little savings or investments, as most of his earnings went to his house. One of his problems now is on how to maintain the house. In this case, his house is considered as liability. I know, marami pong ganito sa atin na mga OFW.


 


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