Why Homeownership is a Terrible Investment

Couldn't agree more

I'd have to somewhat disagree to say that it's a terrible investment because it I think it really depends on how much you buy the house for, the location, and the purpose of owning the house. If you buy the house for a deal or decent price in a neighborhood where the other houses are tens of thousands of dollars higher in value, then your house will grow in value especially if you renovate certain areas of the house like the kitchen, roof, etc. The location of the property also matters because the housing market can also dramatically increase the value of a house. For example, in the Seattle/Bellevue area the prices of houses have doubled since 2014, so if you bought a house for $300,000 back then, now it's easily worth over $600,000. If you also buy a house, for the purpose for possibly using it as a rental property and buying more real estate in the future, then you'll also have another source of income via renters. Property taxes and other taxes can be written off as well.

Lot of great points here ! For me it comes down to diversity and for many a home is a bad investment but when you reach a certain amount in net assist a home can be a great investment due to tax reasons and overall diversification (especially with current interest rates and concerns with a higher inflationary environment).

Keep up the great videos !

Nice content. I couldn't agree more. People think I'm nuts for renting in my 30s despite having the money to buy. Buying a home is for people that want to live in a home. Strictly as an investment, it doesn't make sense. Some additional points, insurance is 5-10 times more for a home than a renter. Local property taxes changing and increasing is not uncommon, making what initially could seen like a decent buy to something far more expensive than anticipated.

Well done my friend always on top as usual.💪👏👏

Great job! very interesting I discovered the REITs thanks to this video.

Woo keep going!!!

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