S-6 E-7 Is Home Buying What is it good for

Send us Fan Mail. Is the home an asset or a liability? Meaning, does it make you money or cost you money? We've had a liability asset conversation before, haven't we? You guys comfortable enough with that to answer the question? Yeah, I have an answer. Yeah. I think, well, I'm fairly certain a home is an asset.Interesting. Because it makes money. Okay. Gideon, I think it's a liability. You know, you're, you're both right. No, how is that possible? Well, most people misunderstand that it is just an asset. However, there's a lot of liability tied to owning a home that people don't think about. And so what we're going to do today is we're going to go through some financial consideration.Buying a home, the length you plan on staying in a home, market conditions, as well as your lifestyle and flexibility of owning a home. I want to start by letting the listener know I'm kind of biased. I have a home, working on a second home right now. So that just is a place to come from as I'm a homeowner by nature, but don't know for sure that  it's for me long term. Support the show