A primary residence is not by definition an investment. It is a depreciating asset, but that does not mean it is an investment. The reasons for having one or mo

A primary residence is not by definition an investment. It is a depreciating asset, but that does not mean it is an investment. The reasons for having one or more homes are not primarily or always to generate a return or income. It is possible to use your primary residence as an investment, but everyone still needs a place to live, so it is also a form of consumption. If you want to consider it an investment by definition, then you should actually explain how it is an investment.