[Bring_Back_Shantz]

Originally Posted by Kerplunk

I have read in a few places that houses are best seen not as assets, but as liabilities. The reason being that, until you actually sell it (or rent it), it doesn't really make you money. If you think of it as an asset, you could see yourself as having a positive net worth, but still have an overall negative cash flow, which is what will really affect your day-to-day life, and how you can save for the future.

That exact same argument could be made for stocks & bonds, or really anything other than cold hard cash.