Thank Nick (and by the way, my experience with your response gives the lie to your profile calling you "Your personal Russian troll" ;)).

How I see it is that in all cases, your house is an asset, but you may (and most of us do) have linked liabilities in the form of one or more mortgages and/or HELOCs. If you lump the house with the linked loans, then the combination may have a net (hopefully) positive, neutral, or negative impact on your net worth.

I'm in complete disagreement with Kiyosaki and his adherents who claim that your house is a liability because it "takes money out of your pocket." IMO that's a silly way of looking at things, because after you account for the saved rent, your house brings in A LOT of money. That was my point in this article.