(Complete Show Notes Below)
In the 62nd episode of the Financial Procast:
For so many years, home ownership has been a rite of passage for Americans. It's all part of the American Dream. Now, before I get all sorts of hate mail and nasty comments on this topic, we're not against buying a house or investing in real estate for that matter.
We would like to have an honest conversation about it. Can you really consider your house to be a great investment?
There are certainly a number of good reasons to buy a house but I'm not sure that any of them are necessarily great financial reasons. For most people, buying a house and signing up for a mortgage is the largest financial commitment they'll ever make.
Is that a sad commentary on the financial well-being of our country? Is it a good thing if you are planning on your home being a “path to prosperity?