If you’re in the wealth accumulation phase of your life, I think buying a home is a terrible decision (in most cases). Prove me wrong. Seriously. I’m not being rhetorical. I want to see if there’s math that says otherwise.
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I tend to agree, but I don't think of it as an "investment". It's more about peace of mind, particularly when you have a family. Easy to get uprooted out of nowhere when you're renting, and that can be super disruptive with kids.
Buying these for emotional reasons is great. Be happy. But so many justify it financially. And I don’t get that.
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Yeah. It's a bad investment... if you use it as your primary home. But mortgages can be a good way to accumulate wealth if you're able to find the right rental property, and rental income is greater than carrying costs.
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I can’t figure this out? You keep saying “so many justify this financially”! Who are the “ so many”? Those you are challenging as to why they would buy a home? Pride of ownership is real for many. Also love to see your math since you keep telling others to show you the math.
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