“Is now the time to buy a house?” As national mortgage interest rates hit +7% and housing prices fall across the country, many people are asking t

Why your house is a terrible investment

submited by

Style Pass

2024-11-17 16:00:03

“Is now the time to buy a house?” As national mortgage interest rates hit +7% and housing prices fall across the country, many people are asking themselves this very question.

In this post, JL highlights why buying a house is one of the worst investments a person can make. And if you’re still on the fence, check out Brett’s comment in Addendum #9 about mortgages as an investment tool, rising interest rates, and returns.

Also, if you haven’t signed up for the newsletter, drop your email address in the newsletter signup in the sidebar or at the end of this post to receive a weekly email with new posts, ideas, and resources to help you on your financial journey.

James Altucher calls homeownership a part of The American Religion, so I know I’m treading dangerous ground here. But before you get out the tar and feathers, let’s do a little thought experiment together.

Imagine over a cup of coffee or a glass of wine we get to talking about investments. Then maybe one of us, let’s say you, says: