There is no wonder, every asset comes with liability. But liability is a pure liability.
Houses are not exceptional, Houses are owner's assets, but with liabilities such as mortgage, tax, HOA, insurance,...
Same thing as equities, you have someone manage it for you, you have to pay the brokerage fee, if the value of the equity drops below some limit, brokerage fee could overtake the value too.
Even gold, or cash, you have to find somewhere to store, you have to pay the storage fee, security fee, and insurance. Every asset comes with liability, there is no escape from liability, the important thing is how big is the liability, house as a big physical structure, and also no place to hide, of course should have big liability than cash.
Like animal/human are always losing weight (liability), you can gain weight by eating more than stooling. But you cannot complaining your bowel movement.
