[VegasCowboy]

Only on paper...it's a myth.

Huh? So if you sell your home for more than your mortgage balance, and thus receive cash in excess of your initial investment, how is that not an asset? When you buy a home with a mortgage, you have both an asset and a liability. Your liability amount will generally go down as you pay down your mortgage and your asset will generally appreciate, thus creating value for the homeonwer.

[100-Fold_Return]

only if/when it sells--then the house bought next is most likely more costly then the next house becomes your liability