"....what makes something an asset is that it puts money in your pocket each month..."
so in RdPd model, primary residence ( your home) is a liability , but not an asset UNTIL it is sold.
The increase in price of house is only on paper until it is sold."....Now the minute you start to realize income from a house, it can then become an asset....."
one RdPd principle: ..."Invest for cash flow, not appreciation"..
https://www.richdad.com/is-house-an-asset