Before I watched the video I was like "He's totally wrong". After I watched it I was still like "He's totally wrong"https://twitter.com/businessinsider/status/810796181664231424 …
Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)
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Arthur Chu Retweeted Business Insider
Before I watched the video I was like "He's totally wrong". After I watched it I was still like "He's totally wrong"https://twitter.com/businessinsider/status/810796181664231424 …
Arthur Chu added,
"Is it better to own your home than rent it" if it's THE SAME HOME, then yes, it's better to own if you never move
Doesn't make the house the "best investment", or an investment at all - the money you pay to live somewhere is consumption
On net the overall value of housing in America after inflation has stayed flat for 100 years
He's just touting the same "I think you're an idiot so I think having a mortgage is the only way you'll be forced to save money" theory
I hate the shaming of renting over owning partly bc it's an implicit upsell - it always comes w pressure to get a bigger place
Shit guys if you want to buy a house then fine but we're still standing in the rubble from the last bubble
I hate the psychological bullshit that an ownership mentality makes ppl more responsible
Most long-term renters have much more of an ownership mentality than the flippers you still see buzzing around
Germany has a much higher %age of renters than owner occupiers than we do and they seem fine
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