1

A Home is An Asset

Submitted by Lazy Man on September 4, 2007 - 17:17.

I wanted to respond to the comment left by PjEvans. I believe that a home is an asset. If I create a robot that saves me time, it is an asset. I can use that time saved to advance my business. If I lose that robot, my business drops off and I make less money.

A home is very similar. Instead of saving time it saves money, which means I can focus other money on money making ventures, investing and the like. Most directionaries would describe it as an asset as well. They use words like it being "a resource" or "something of value".

If you don't believe that a home is an asset feel free to give me one for free :-).

Reply

Please keep the comments civil and on-topic. Abusive or inappropriate comments will be removed without warning. By posting here you agree to our terms of use.

The content of this field is kept private and will not be shown publicly.
If you leave a link (include the http:// part), your name will be linked to your homepage.

You may use some HTML for formatting: <strong>bold text</strong>, <em>italics</em>, and <a href="">for links</a>. Empty lines are automatically converted to paragraph breaks.

Or click the link above that says 'enable rich-text' to use the fancy editor.

Captcha
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
11 + 4 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.

Finance Blogs - Blog Top Sites