[VegasCowboy]

The note is a liability and the house is an asset. That is how every accountant would record the purchase of a house. Trying to claim that when you purchase a house, all you get is a liability is not accurate.

You are absolutely correct. If your tax-adjusted mortgage payment approximates a rent payment, you will clearly come out ahead by owning rather than renting even if prices don't rise. After 30 years of mortgage payments you will have an asset equal to the value of your home. 30 years of rent payments gets you nothing.

[100-Fold_Return]

while yout $100,000 home will have cost $3-400,000 over that 30-years only on paper could any one dream such is an asset not liability