Home Ownership Is a Bad Investment, Right?

A lot of home ownership is emotionally based and not based on math. People are afraid that their housing price will fall if they don't own it. When you factor in the real estate commissions, the transaction fees, the property tax, the maintenance, the insurance lake, all these extra that a renter wouldn't have to pay, 97 % of their gain got eaten up by these costs. The rest of those gains got stolen, basically, by banks, by insurance brokers, by home hardware, by their government.