Hello #HIVE Owner @chekohler,

What a fantastic article this one is.......breaking the conventional thoughts about owning a house!

I was also of the same opinion as millions of people that owning a house is like owning heaven, BUT IT'S TRUE NOT NOW. IT'S A THING OF THE PAST. But reading your article is like an eye-opener precisely.

In a country like India, this is a good idea. People owning a house enjoy a special status here. Our people think it to be like more of as a place of SECURITY but in order to achieve, they let go of everything. They are ready to sell their jewels, get stuck in debts from private money lenders, and believe it or not, they are even ready to go bankrupt!

Thinking to get a secure place, they are making themselves insecure.

"Your home only becomes an asset when it generates you a return, if you're AirBnBing it or renting it and bringing in regular income, that's an asset.

If you've used your home as collateral to access capital to start a business, that generates an income that services that debt and provides you with an income above that, then its an asset.

If all your home does is cost you money, it's a liability."

EXACTLY. NO SECOND THOUGHT ABOUT IT. YOU HAVE CLEARLY DIFFERENTIATED IT BEYOND ANY DOUBT.

"As you maintain a home, repair it, pay taxes, pay for all the other expenses of a home, it eats into the margin you gain as appreciation on the price. "

GOLDEN WORDS, Sir. When we lived in our home, we really found it a hell of a thing to spend on the repairs. The more we try to set it in, the greater will be the expense incurred to us.

So, it may go either way. But the Own house factor seems to be more of like a liability than being an asset, given a lot of complications it involved around it.

Enjoyed your article to the fullest, Sir.

#HIVE FIVE from India to South Africa, Sir.