49. “Our housing expense unexpectedly went up $2K when we bought our first home” (Part 1)
Money For Couples with Ramit Sethi
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Buying a House Can Make Financial Suts
Buying a house can make financial suts. You can even buy for non financial reasons, but you absolutely must understand the numbers behind the biggest purchase of your life. I hear so many people saying, my grandma bought a house in 19 70 for a hundred thousand dollars. She just sold it for 900 thousands dollars. She made 800000 dollars. But she probably didn't factor in all the expense s she incurred over those 30, forty, 50 years,. And as you heard earlier to day, interest alone can more than double the price of the house. Finally, grannie still thinks she made a great investment. She literally believes she made 800 thousand dollars.
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