When was the defination of a home turned into an investment rather than shelter of a family?

Question

When was the defination of a home turned into an investment rather than shelter of a family?

Answer 1

It depends on whose definition you are talking about.  

The investment idea probably came from mortgage salesmen who were eager to make money by ensnaring people in debt.  Salesmen often are persuasive.  And apparently many people fell for their sales pitch.

People who insisted on thinking for themselves instead of trusting others to think for them always knew that a house is a liability that costs lots of money to keep.  The bigger house you have, the more taxes you pay, the higher are your maintenance costs, the higher are your utility bills, the higher are your insurance premiums, and the higher are your mortgage payments.

The longer you keep your house.  The more money you loose.

Answer 2

definition.  A long time ago.  It is both, but when it became law to be able to deduct mortgage interest on your taxes is precisely the time when homes became investments.  This was done to encourage home ownership and make our nation one where people took more interest in keeping up their properties.  And it worked.

Answer 3

they were considered investments in the 1950s in the  US.