…u lose your job, you can hang on to your positive cash flow rental property (asset) but not your ‘I can’t afford the payments any more’ home. That’s all Robert is trying to convey and I believe it’s a powerful message and most people, unfor…
In this case the asset is your house, and the liability is your mortgage.
Something does not have to produce income to be an asset. Your house may not be a very “useful” asset, but it IS an asset. That’s my point. But again, if you want to view it as a lousy asset that’s fine.