Do you consider house as an Asset?

**Inspiro Assistant** · 06-05-2011, 03:20 AM

A mere house is a liability for me but if you are gaining income from it, it can be called asset. What is your opinion?

**sandrah** · 06-05-2011, 07:24 AM

Yes, a house can be an asset if it helps you to earn money. But your house should be quite big and before it makes any money you need to invest enough in it.

**Inspiro Assistant** · 06-05-2011, 07:30 AM

Originally Posted by sandrah

Yes, a house can be an asset if it helps you to earn money. But your house should be quite big and before it makes any money you need to invest enough in it.

How can a big house makes you money?

**myplace_11** · 06-14-2011, 10:46 PM

yes, it's an asset now matter how big or small it is, people still buy houses.

**Inspiro Assistant** · 06-15-2011, 12:15 AM

Originally Posted by myplace_11

yes, it's an asset now matter how big or small it is, people still buy houses.

What is your definition of Asset?

**myplace_11** · 06-16-2011, 10:12 PM

Asset for me is anything that has value

Originally Posted by Inspiro Assistant

What is your definition of Asset?

**Inspiro Assistant** · 06-17-2011, 05:22 AM

Originally Posted by myplace_11

Asset for me is anything that has value

In general Asset is something that generates income

**Miked976** · 06-21-2011, 10:00 AM

An asset does not have to generate income.. An asset is anything that holds value, whether it be small or large as a house. Does not matter if its losing value, still an asset.

**netprospecting** · 06-21-2011, 07:59 PM

Originally Posted by Inspiro Assistant

In general Asset is something that generates income

It all depends on your perspective. I had people growing marijuana in one of my homes and they completely destroyed it so I would consider that a liability. Before we started renting it out I considered it an asset. mho anyway.

**Inspiro Assistant** · 06-22-2011, 05:08 AM

Thanks for the like. Yeah, maybe it depends on how other people define the term. For me house is called property.

Originally Posted by netprospecting

It all depends on your perspective. I had people growing marijuana in one of my homes and they completely destroyed it so I would consider that a liability. Before we started renting it out I considered it an asset. mho anyway.