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Updated almost 10 years ago on . Most recent reply

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382
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123
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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

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

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