Conventional wisdom dictates that your primary residence is your best investment — but is it really? Is it possible that, contrary to what we’ve all been told, that it’s actually the worst investment to make? Matt gives you the unequivocal answer on today’s episode!
I have been digging into your material and would love to hear you elaborate on why buying a home for personal use is a bad investment. Cheers!
– Jimmy Fuentas in Central Florida
What You’ll Learn:
- Why purchasing a personal residence does fill some needs; but
- Why it still makes a terrible investment vehicle.
- The reason that most Americans believe that their home is an “investment.”
- What the definition of a liability is; and
- Why owning your home free and clear still doesn’t make it an asset.
- How appreciation and refinancing play into the equation; and
- Why what looks like appreciation over time rarely is.
- How inflation and appreciation are related.
- The rare occasion that you should buy your own home.
Tweetables:[Tweet “Fact: Your personal residence is a #Liability, not an #Investment! #InvestSmarter”] [Tweet “No one has ever achieved #FinancialFreedom by paying off #Debt! #APaidOffHouseIsNotAnInvestment”]
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