Robert Kiyosaki Considers House as a Liability

In India it will be a revolutionary statement if one stated that should not buy a house as it is a liability. Indians love to own their personal house and this is  a dream project of every salaried person in India. One will be outcast in their own house if one even mentioned this thought to their parents.

However internationally acclaimed author Robert Kiyosaki who has written a widely read book Rich Dad Poor Dad suggests that house is a liability contrary to people thinking it as an asset. Check out below video where he explains true Assets and Liabilities. The case against buying becomes even more compelling if you are an investor, not an end user as the rent you are going to get will not be commensurate even with the returns on fixed deposit.

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