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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Replying to @theSamParr
It’s a forced savings for most Americans. It’s many Americans biggest part of their net worth. For someone like yourself, that is entrepreneurial, those funds are probably better off invested in your own business.
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Replying to @Keith_Wasserman @theSamParr
forced savings is the key. it's a massive assumption that people put those down payment dollars into a portfolio esp since financial literacy in the USA is <10%
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Sam!! You need to spend more time around most renters! False precision here as the math does not model reality. Forced savings is good for “most renters”. Most renters will not invest down payment in stocks to compound untouched for 30+ yrs. It will be spent elsewhere.
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I agree most people having saving problems
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