This is so silly. Many things that do not put cash in your pocket are assets. Gold is an asset. A home is an asset if it can be sold for money, or used produ

This is so silly. Many things that do not put cash in your pocket are assets. Gold is an asset. A home is an asset if it can be sold for money, or used productively. If it turns out that your property is so worthless that no one will buy it at any price, and it's also useless to you as means of production, then it's not an asset. That combination of circumstances pretty much never happens. The asset value of a home is presumably offset by some debt you owe on it.... and if not, you're paying opportunity cost on the money you paid for the home. Whether or not real estate is a good investment is much thornier. But real estate is unequivocally an asset.