@Ron T.
I read all the comments and there very interesting views and I enjoyed them. I’ve read the rich dad books not the one your asking about but I have found plenty of value out of them and that’s not all I read, I read all kinds of different authors of real estate. I think your thinking about the opinion of the book and if it’s worth reading I think you may just need to read it for yourself then form your own opinion on it. I know it’s great to hear others and what they think about the rich dad books but if something triggered you to read the book then I say go for it and just read it.
Kiyosaki has some great insight and knowledge on what a asset is and a liability is as everyone knows. BUT you can dissect each of of those terms as people have done in this post and make there judgement on what they are.
My opinion on a home being a asset is, that I wouldn’t couldn’t consider it an ASSET but a term I like to call Deffered ASSET. Let me explain.
A Deffered Asset can be your home.
I bought my home for 275,000 in 2012 it increased in value through appreciation and value add upgrades. In 2020 my house appraised for 555,000. My house double in value. I pulled out a HELOC and am using the equity as my asset to buy more assets. Without ever buying my home and using this term I call fettered asset since it doesn't make me cash flow but it definitely is an asset class of its own. I consider my homey biggest asset I've ever own because without it. It would have taking me very long to be able to save all that equity to then pull to use to invest in more assets. I have 5 rental properties and it was possible because an Asset purchased more assets. But like I said I call it a deferred asset. Some may not agree with how i I view a house a an asset but I'm perfectly okay with that. I hope
This helps you man
