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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Emotional benefits of ownership. That’s the best math there is.
I agree. I buy stuff all the time that makes me happy and it makes zero financial sense. But most justify homes with $$$
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I’m with you on that. Napkin math usually doesn’t make sense to buy—especially in the wealth formation years, like you said. But putting your whole family and life into a rental house when you can afford to own requires real discipline. All comes down to Maslow’s hierarchy.
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I assume that’s because people don’t want to believe it will cost them financially, so they convince themselves it’s a winner
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Buying a car and a house is not the same thing. The car price get lower each year, while it’s not true for most houses
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Haha Best feeling ever
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I fully agree with you, people tend to justify anything for ego. Have you ever heard anyone admit they got a bad deal on a purchase ? EVER!?
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