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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