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House is not a true asset until mortgage is paid off

When you add the mortgage, interest, taxes and home repairs, lawn maintenance (sometimes $20k+ for something), it's not a true asset until there is no liability against it or it has positive cash flow plus appreciation. Also, it's a very illiquid asset. You can extract the cash until you sell or borrow against it, but that's taking on more debt and interest.

submitted by /u/Commercial-Row1402
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source https://www.reddit.com/r/RealEstate/comments/11vlf5m/house_is_not_a_true_asset_until_mortgage_is_paid/
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