Houses can be both liabilities and assets, since there are SO many factors involved, right? Ie, purchase price, location, how much you can rent it for (or if you are renting), general real estate market, etc.
Anyway, I've read all of his books and can agree they are great places to reset the average worker bee's "rat race" paradigm.
Interesting "As more investors have entered the market, the easy investments have gone to near 0% ROI." ...I definitely agree to an extent, in some cases like popular cryptos that have been steadily rising, like BTC, NEO, BQX, a lot of the initial (crazy gains) potential is gone, but steady long term gains are definitely possible and higher than 0%.
Then there are other investments like P2P loans ie, lendingclub and prosper, where the earnings potential is essentially the same as it was a few years ago.
It would probably be most succinct to say "Your house is not an asset." As in, you can't capitalize on selling it, because you are living in it. So, it is only an asset to the bank, when they foreclose.
Cryptos are not easy investments. Most don't even know how to buy them, or hold them, or trade them, or even about what they are.
Small business loans have always been a good ROI, but also very risky and time consuming to investigate. So again, not easy.
I do believe these avenues of investing will exist in the future, while the stock and bond market will crash and burn and die.
yes, totally agree that your house (that you live in yourself) is not an asset, unless you own it outright and have no mortgage.
Cryptos, while they have the potential to be very complicated, can be dead simple at the most basic / beginner level, honestly buying 1 or 2 bitcoin and holding for 1 year or more is pretty solid IMHO.
Agreed "the stock and bond market will crash and burn and die." - I just wrote my boss an email earlier today in fact, asking him to give us a money market option within our 401K because I'm concerned with having the entire thing in the market... keeping my fingers crossed on that!