PricklyPete
Lifer
- Sep 17, 2002
- 14,582
- 162
- 106
First off, the garage is not really the right place to be arguing financial prudence.
Second, to make the assertion that buying a house keeps you locked down career wise is just as bad as saying that the purchase of a house is a good investment. There will be situations where both are correct and situations where both are wrong.
My own anecdotal story is that in the last 7 years I have significantly increased my wealth and a not insignificant portion of that was smart real estate purchases.
My one comment would be that making yourself house poor is almost never a good decision as it locks up way too much of your capital in a single investment.
Second, to make the assertion that buying a house keeps you locked down career wise is just as bad as saying that the purchase of a house is a good investment. There will be situations where both are correct and situations where both are wrong.
My own anecdotal story is that in the last 7 years I have significantly increased my wealth and a not insignificant portion of that was smart real estate purchases.
My one comment would be that making yourself house poor is almost never a good decision as it locks up way too much of your capital in a single investment.
