RDPD author's whole point about assets/liabilities centres around home-ownership and how many people see it as an asset or investment rather than a liability or

RDPD author's whole point about assets/liabilities centres around home-ownership and how many people see it as an asset or investment rather than a liability or cost-centre. It's the only good example of a common confusion in the book and it's really not that shocking in light of the market as most people will have experienced it and the marketing around refinancing and home-equity loans in the past decade.