Entrepreneurs should not buy a house

By gordongecko   follow   Sat, 24 Mar 2012, 3:40am PDT   ↑ Like   ↓ Dislike   707 views   1 comment   Watch (1)   Share   Quote  


There are many reasons to not buy a home: [By the way, I also put this in the category of Advice I want to tell my daughters...]


A) Cash Gone. You have to write a big fat check for a down payment. “But its an investment,” you might say to me. Historically this isn’t true...

Comment 1-1 of 1     Last »

FortWayne   befriend (12)   ignore (3)   Sat, 24 Mar 2012, 3:56am PDT   Like   Dislike     Share   Quote   Comment 1

Good article. We actually did not own for a very long time for pretty much same reasons. Lack of liquidity of a house and costs of a start up.

From my lifetime I'm convinced that owning a house is more for an old age where one will not be moving around or changing lifestyle anyway. Young people should keep their options open and not tie themselves down.

Watch comments by email

home   top   share   link sharer   users   register   best comments   about   source code  

#housing   #investing   #politics   #economics   #humor  
please recommend patrick.net to your friends