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Entrepreneurs should not buy a house

By gordongecko   Follow   Sat, 24 Mar 2012, 10:40am   572 views   1 comment
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http://techcrunch.com/2012/03/24/entrepreneurs-should-not-buy-homes/

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...]

Financial:

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...

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1. FortWayne Follow Befriend (13) 102 threads 3,763 comments

   1   10:56am Sat 24 Mar 2012   Share   Quote   Permalink   Like   Dislike   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.