I made the joke (about what is considered a depreciating asset or not) on an S&P e-mini forum a couple of days ago that went something this: Most people don't

I made the joke (about what is considered a depreciating asset or not) on an S&P e-mini forum a couple of days ago that went something this: Most people don't buy houses, they buy mortgages worth $x00,000 on an "asset" that goes to being valued at $x00,000 / 2 when interests rates double…