“Don’t rent, you’re just throwing away money. Buy a house instead, it’s a great investment!” – says almost everyone who purchases a home. It’s often accepted as a gospel truth that purchasing a home as a primary residence is always a great investment. This is just not true. We promise you, unless you’re house hacking, chances are your house makes an awful investment. It could possibly be a good lifestyle choice, maybe a great decision for you and your family, or perhaps you’re getting a great deal, but that doesn’t mean you should consider it to be a great investment. In this episode, we cover all the different reasons why your primary residence is an awful investment, and then we also give some tips to consider to make your home a ‘less bad’ investment.
Additional things we discussed during this episode:
- Plastiq.com – the website Joel mentioned that allows you to pay for anything with credit card (like your mortgage, taxes, contractors, etc), so you can get those points! Use referral code: 1028798 to get $500 fee free.
- JLCollins – the article that inspired this episode.
- Renting vs. Buying a Home – proof that we do actually love our homes!
- VGSLX – the Vanguard REIT if you wanted to truly invest in real estate without becoming a landlord.
And at the beginning of this episode we enjoyed a Rueuze (2015) by Bruery Terreux which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!