Assets are not durable goods. Assets different than goods. When you pay rent you are consuming housing. When you pay a mortgage it is a financing transaction o

Assets are not durable goods. Assets different than goods. When you pay rent you are consuming housing. When you pay a mortgage it is a financing transaction on the asset. Your consumption cost nets out because you are both paying and receiving rent. Yes all transactions are for either an asset or a good, as Y=C+I...