Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

382
Posts
123
Votes
Mary lou L.
  • Investor
  • Wichita Falls, TX
123
Votes |
382
Posts

Music to my ears...article describing why NOT to buy a home.

Mary lou L.
  • Investor
  • Wichita Falls, TX
Posted

I'm sure this will hearten landlords everywhere...

http://www.businessinsider.com/buying-a-house-was-the-worst-financial-decision-i-ever-made-2015-6

Most Popular Reply

User Stats

1,350
Posts
688
Votes
Linval T.
  • Investor
  • Bay Shore, NY
688
Votes |
1,350
Posts
Linval T.
  • Investor
  • Bay Shore, NY
Replied

Thanks for sharing this article.

The author has cherry picked the pieces that negatively supports his line of reasoning.

Additionally, there is no guarantee that everyone who invested in stocks would see a positive return as quoted.

So, it depends on the drive, plan, creativity and mindset of the individual.

It's a known fact that most of the millionaires made/secured their wealth through RE and not the stock market.

Looking back at the author's path to home ownership, he could have re-calibrated his steps and do creative REI investing to make himself whole.

The author's story sounds like a good one to tell, generate laughter and lively conversations, but, I am not convinced with his line of reasoning about home ownership.

Loading replies...