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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Most personal finance advice is built on past results and doesn’t account for future inflation, nor opportunity cost. I love
@ramit’s approach to rent vs. buy and it totally changed my outlook when I first heard it at 20 years old
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In my ignorant view, the best argument is that passing a home/real estate asset (physical space or the financial windfall) to kids or next-of-kin gives them a far better chance at creating generational wealth. Guaranteed roof — or 300k-1m in the bank — is financial game changer.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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is there a link to Ramit's thoughts?
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Pretty easy to find on google. He also expanded upon his thinking quite notably in an interview on James Altucher pod in summer 2016
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