Entrepreneurs should not buy a house

By gordongecko   follow   Sat, 24 Mar 2012, 3:40am PDT   ↑ Like   ↓ Dislike   682 views   1 comment   Watch (1)   Share   Quote  

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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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.

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