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E51: Why Homeownership Blows!
Manage episode 407294269 series 3559303
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This week John is back for an unscripted and unedited episode to speak to you directly about a topic that's been on his mind lately - homeownership.
There are a lot of opinions out there about whether it's better to buy or rent a home, but John wanted to share his personal experiences and thoughts on the matter. He used to be a big believer in the idea that owning a home was the key to financial success and stability. But as he’s gotten older and owned multiple properties, John realized that it's not always as simple as that.
There are a lot of hidden costs associated with owning a home - from property taxes to maintenance fees to mortgage interest. And if you don't plan on staying in one place for a long time, it can be even more difficult to recoup those costs and make a profit when you eventually sell.
That's not to say that owning a home is always a bad investment - it can certainly appreciate in value over time and provide a sense of stability and security. But it's important to do the math and consider all of the factors before making such a big financial decision.
At the end of the day, everyone's situation is different and what works for one person may not work for another. John’s inspiration for sharing his experiences is to encourage others to think critically about their own housing choices and make the decision that's best for them.
Thanks again for listening, and don't forget to check out our new 2000 Percent Raise merchandise at 2000PercentRaise.com As always, feel free to tag John in any social posts, he loves seeing your support.
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