062 Should You Buy A House?

062 Should You Buy A House

(Complete Show Notes Below)

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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.

However…

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?

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031 Caught Doing Good

Caught Doing Good

(Complete Show Notes Below)

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In the 31st episode of the Financial Procast:

Home Equity Loans are Making a Comeback

Minute 2:26

According to recent piece over at MarketWatch it seems some old behavior has come back again. Yep, that's right…people are once again borrowing against the equity in their homes to buy stocks, investment real estate and wait for it…art.

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