Having a house isn’t suppose to be about owning an asset. It’s suppose to be having a place to live and not worry about owing someone money for it. Going from being a home owner with a mortgage to being a renter don’t really change your place in capitalism.
You still owe money for taxes and insurance, and of course you have to pay for the upkeep. It’s interesting that home ownership isn’t an asset since you’re not renting it out, but investing the same amount of money is considered an asset.
Having a house isn’t suppose to be about owning an asset. It’s suppose to be having a place to live and not worry about owing someone money for it. Going from being a home owner with a mortgage to being a renter don’t really change your place in capitalism.
You still owe money for taxes and insurance, and of course you have to pay for the upkeep. It’s interesting that home ownership isn’t an asset since you’re not renting it out, but investing the same amount of money is considered an asset.