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
what DO you think one should do? Asking for a 58-yr-old who can't afford to buy, and never could. Viz: me
*shrug* I think you should live as modestly as you can while still enjoying your life
and if you have extra money to invest put it in a total stock market index fund and don't mess with it
in the rent-vs-buy calculus I'd argue you should just think of mortgage as a way to "lock in" your rent
and don't let the value of equity sway you at all
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