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Episode 3107:
James Altucher breaks down the emotional, financial, and psychological reasons he’s sworn off homeownership for good, arguing that buying a house is less of an investment and more of a trap. With sharp wit and hard-earned experience, he shows why renting offers freedom, flexibility, and far fewer hidden costs, making it a smarter lifestyle choice for those who value cash, time, and peace of mind.
Read along with the original article(s) here: https://jamesaltucher.com/blog/why-i-am-never-going-to-own-a-home-again/
Quotes to ponder:
"I want to fill a bathtub with all the dollar bills I would’ve used as a down payment on a house. I want to bathe in that bathtub."
"Saying 'my house is an investment' forgets the fact that a house has all the qualities of the ugliest type of investment."
"Do you feel like you can’t accomplish something in life until you own a house? Examine the real reasons you want to own and make sure they are coming from a good spot in your heart."
Episode references:
S&P 500 Index (for comparison): https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview
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