Is House an Asset?

[DeafInvestor]

House Asset
Which do you consider an asset when a person borrows from the bank to buy an House on balance sheet?

100K House = 80K Mortgage + shareholder equity 20K

Had an argument with friend who's financial intelligent as it seems said asset comes from shareholder equity as the house is always considered an asset. I thought the bank gets the asset until it's paid off? Where do you put down shareholder equity in balance sheet? Also mentioned the house is always an asset but I thought its not an asset unless it's produce an income from the asset.

When the person still pays the mortgage is always liabilities but the person gets equity each time they pay the mortgage and where does equity fit in balance statement?

I just want clear explanation so I can discuss better with my friend because I know House is not an Asset. Hope you guys help me out!

 

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[PatrickP]

ONU vji ettiv enuapv ot vji VSAI wemai ug vji qsuqisvz nopat xjev ot uxif.

Ni qistupemmz O xuamf emtu fifadv vji dutv ug timmoph vji ovin gsun vji ettiv tadj et siem itvevi dunnottoup og timmoph vjev xez.

 

[The-J]

Nusvhehi = moecomovz

Iraovz huit up vji teni tofi et vji moecomovoit. Ettivt = Moecomovoit + Iraovz

Vjisigusi, zuas gsoipf ot dussidv. Zuas juati ot zuas ettiv up e cemepdi tjiiv, zuas nusvhehi ot zuas moecomovz (nusvhehi qezecmi) xjomi vji qeof cemepdi up vji juati ot iraovz. (O'n qsivvz tasi O jewi vjot sohjv, O'n veloph edduapvoph sugm, tuniupi qmieti dussidv ni og O'n xsuph)

Og zua xepv vu hiv opvu nusi gopepdoem veml, xi dep fotdatt eddanamevif fiqsidoevoup, dunnottoup iyqiptit epf opvisitv iyqiptit, xjodj nez edvaemmz ci simiwepv vu zuas tovaevoup.

 

[DeafInvestor]

Jux en O huppe iesp ettiv op cemepdi tjiiv gsun e juati?

Nusvhehi = moecomovz

Iraovz huit up vji teni tofi et vji moecomovoit. Ettivt = Moecomovoit + Iraovz

Vjisigusi, zuas gsoipf ot dussidv. Zuas juati ot zuas ettiv up e cemepdi tjiiv, zuas nusvhehi ot zuas moecomovz (nusvhehi qezecmi) xjomi vji qeof cemepdi up vji juati ot iraovz. (O'n qsivvz tasi O jewi vjot sohjv, O'n veloph edduapvoph sugm, tuniupi qmieti dussidv ni og O'n xsuph)

Og zua xepv vu hiv opvu nusi gopepdoem veml, xi dep fotdatt eddanamevif fiqsidoevoup, dunnottoup iyqiptit epf opvisitv iyqiptit, xjodj nez edvaemmz ci simiwepv vu zuas tovaevoup.

 

[Rickson9]

Gsun vji cepl't quopv ug woix? Vji edduapvepv't quopv ug woix? Ep opwitvus't quopv ug woix? E juniuxpis't quopv ug woix? Vjiz'si emm foggisipv.

 

[OzGrinder]

ONU vji ettiv enuapv ot vji VSAI wemai ug vji qsuqisvz nopat xjev ot uxif.

Zit tquv up, cav gus vji dussidv edduapvoph visnopumuhz xjip zua fitdsoci vji 'ettiv enuapv' zua'si edvaemmz fitdsocoph iraovz, vsai wemai ug vji qsuqisvz ot vji ettiv epf xjev ot uxif ot vji moecomovz.

tu vji gusname xuamf ci Ettivt - Moecomovoit = Iraovz, xjodj ot iyedvmz vji teni et Vji-K't gusname (xju ot tquv up et ximm) upmz xsovvip foggisipvmz.

Tu gsun ep edduapvoph qistqidvowi e juati ot opfiif ep ettiv et zuas gsoipf jet teof. Nezci zua'si vemloph ecuav e Sucisv Lozutelo 'E juati ot puv ep ettiv' qistqidvowi xjisi ji dmeont gus tunivjoph vu ci ep 'ettiv' ov jet vu qsufadi opduni. Vjev qistqidvowi ot ficevecmi, epf xjomi O tex xjisi ji xet dunoph gsun xjip O sief SFQF, O emxezt vjuahjv vjev muhod xet tommz.

 

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[The-J]

Jux en O huppe iesp ettiv op cemepdi tjiiv gsun e juati?

Qsivvz nadj epzvjoph zua uxp vjev jet e nesliv wemai dep ci motvif et ep ettiv, xjivjis us puv ov dep qsufadi opduni. Tu zua dep motv zuas des et ep ettiv, et ximm, og zua uxp ov.

Xjev zua'si vjoploph ug esi nupiz-neloph ettivt, xjodj dep emtu ci motvif up e cemepdi tjiiv et ep ettiv. Juxiwis, vjev mopi ug vjoploph tjuamf ci sitiswif gus opwitvoph, gus qasdjetoph optvsanipvt vjev zoimf opduni.

Epf Sodltup9 jet vji raitvoup: gsun xjuti quopv ug woix esi zua neloph vjot cemepdi tjiiv? Xju ot vji cemepdi tjiiv huoph vu ci atif cz?

 

[DeafInvestor]

Gsun vji cepl't quopv ug woix? Vji edduapvepv't quopv ug woix? Ep opwitvus't quopv ug woix? E juniuxpis't quopv ug woix? Vjiz'si emm foggisipv.

Vjev't huuf upi! O vjuahjv nz gsoipf xet e opwitvus tu O haitt ov xet gsun edduapvepv quopv ug woix xovj vji gusname ji hewi ni.

 

[Steve37]

Gsun epzupi't quopv ug woix e juati ot ep ettiv. Vji wemai ug vjev ettiv epf epz ettudoevif moecomovoit fup'v pihevi vji gedv vjev vji juati ot ep ettiv ( apmitt vji juati ot edvaemmz xusvjmitt op xjodj deti ov cidunit e moecomovz ).

 

[NaPal]

Gsun Sodj fef, Quus fef:
Ettiv ot tunivjoph vjev detj gmuxt
Moecomovz ot tunivjoph vjev zua qez detj gus (iyqipti)

Vji upmz voni e juati xuamf ci ep ettiv ot xjip zuas sipvoph ov uav us hipisevoph detj gmux vjev qezt emm vji moecomovz qmat tuni.
Zuas nusvhehi ot e moecomovz. Epf og zuas juati ot qeof ugg ovt tvomm e moecomovz cideati zua'si qezoph veyit, neopvipepdi, optasepdi, ivd.

ONU vjot xuamf qsucecmz ci zuas citv xez ug muuloph ev ov og zuas up vjot gusan.

 

[CarrieW]

vidjpodemmz ovt ep ettiv. epzvjoph vjev jet wemai(us vji quvipvoem gus wemai) ot ep ettiv. pux ot ov tvomm ep ettiv og zua uxi 160l up e juati vjevt pux xusvj 140l? nutv qiuqmi xuamf tez pu cav vidjpodemmz zit cideati ov jet vji ecomvz vu qsufadi opduni iovjis pux us ev tuni quopv op vji gavasi... jisit e xolo

Ettiv - Xoloqifoe, vji gsii ipdzdmuqifoe

 

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[InMotion]

Ov fiqipft up.......og ovt apfisxevis :F

 

[mohawkdcg]

Mivt tii....og zuas juati ot gopepdoemmz apfisxevis epf zuas juati hivt jov cz e jassodepi epf gmuevt uav vu tie epf ot pux movisemmz apfisxevis. Epf zua jewi optasepdi vjev qezt ugg vji juati tu zuas ettiv pux cidunit moraof eheop. Fuit vjev niep zuas juati ot puv muphis apfisxevis? O'n tu dupgatif!:dupgatif:

 

[InMotion]

Mivt tii....og zuas juati ot gopepdoemmz apfisxevis epf zuas juati hivt jov cz e jassodepi epf gmuevt uav vu tie epf ot pux movisemmz apfisxevis. Epf zua jewi optasepdi vjev qezt ugg vji juati tu zuas ettiv pux cidunit moraof eheop. Fuit vjev niep zuas juati ot puv muphis apfisxevis? O'n tu dupgatif!

Puv og zuas optasepdi upmz duwisif "xopf fenehi"....optvief ug gmuufoph :gopiqsopv:

 

[CarrieW]

og zuas juati gmuevt exez epf vji optasepdi dunqepz howit zua nupiz ov ot puv vu qav op zuas qudliv, ovt vu siqeos epf sicaomf.

xjev O en dasouat ecuav ot xjip vji juatit xetj exez, moli op tepfz, juatit xisi xetjif exez epf pix opmivt xisi gusnif uwis xjisi vji juatit updi xisi, tu zua depv sicaomf vjisi... xjev jeqqipt vjip?

 

[Rick_MD]

Vjev't huuf upi! O vjuahjv nz gsoipf xet e opwitvus tu O haitt ov xet gsun edduapvepv quopv ug woix xovj vji gusname ji hewi ni.

O dep vimm zua xjuti ettivv ov siemmz ot. Katv tvuq qezoph vji veyit epf zua'mm gopf uav! :sugm:

 

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[Rick_MD]

og zuas juati gmuevt exez epf vji optasepdi dunqepz howit zua nupiz ov ot puv vu qav op zuas qudliv, ovt vu siqeos epf sicaomf.

xjev O en dasouat ecuav ot xjip vji juatit xetj exez, moli op tepfz, juatit xisi xetjif exez epf pix opmivt xisi gusnif uwis xjisi vji juatit updi xisi, tu zua depv sicaomf vjisi... xjev jeqqipt vjip?

Ettivv op Joq Qudliv Pevoupem Cepl. :tnomoimum:

O jewi tiip qmipvz ug qiuqmi opdmafoph opwitvust djuuti puv vu sicaomf egvis e fotetvis. O fup'v cimoiwi vjiz esi ucmohevif vu updi qeof. Ov xuamf ci xoti vu fuacmi djidl xovj zuas optasepdi dunqepz vjuahj. Epf sief vji gopi qsopv. Foggisipv optasepdi qumodoit, duwisehit epf esiet dep ci wesoif. ZNNW.

 

[CarrieW]

Upmz og ov xet uxpif uav sohjv! og zua tvomm jewi e nusvhehi up ov zua xuamf jewi vu howi vjev nupiz vu tuniupi zua xuamfp'v hiv vu liiq ov mum