As you know, I have strong opinions on buying a house, and most people don’t know what they’re talking about when they talk about real estate being the “best” investment.
So when a Wharton professor wrote a Washington Post column pointing out common myths of homeownership, I laughed at some of the comments.
- “Wow is this a poorly written and intentionally misleading piece of b.s. I wasted countless thousands renting apartments before wising up and buying a house. The author would rather have us all in housing collectives or government owned communes. Home ownership is still the American dream; don’t let this joker fool you.”
- “…Housing is a great long-term investment. Yes, it is. Because what the author doesn’t mention is that you have to have a place to live. If you rent, you have a place to live but the return on your ‘investment’ when you pay rent is 0.”
- “this guy gets paid for this s^^t?”
Newspaper sites have the worst commenters in the world.
But there was a comment that made my jaw drop. Can anyone spot the multiple problems with this comment?
“Another story: My father bought our family house in NJ for about $27k in 1964; sold it for $350k in 2000. Home ownership is terrific long-term investment.”
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