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4y
Your are correct that people need better financial education.
a house is not an asset if it takes money from your pocket like taxes
We all have to live somewhere. So a house is an asset in that it saves the rent that would go to a landlord.
Unfortunately, too many people end up buying houses they cannot afford and their house becomes a debt trap and a huge liability.
!wine
RE: it's high time some of us know the difference between an asset and a liability (common mistake)