Should you buy a house? What would you do if I told you a house is a terrible investment? Buying a house makes you lose mobility and during the last 100 years, adjusted for inflation, the average home has gone up 1%. If it doesn’t make you money don’t buy it. The U.S. Census Bureau came out with a new report showing the fastest growing cities in America with cities in the south—specifically Texas and Florida—growing at the fastest rate. You need to be in a position to be able to move where the money is.

1) Houses are a bad investment
2) Buy things that make you money
3) A house is a liability
4) You need to have the ability to move quickly to follow opportunity

I talk in black and white terms a lot, so keep in mind there are always exceptions to rules—but don’t go and buy a home!

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  • Will

    Was the property you bought in Savannah a on or off market deal? Also, why did you like Georgetown in Savannah VS midtown Savannah, or Pooler? Also, I only have 100k saved. I want to skip the SFR and jump right into a apartment building. I found one that can be re purposed (off market). Should I bring someone else in with more money and get into the apartments that way?

  • Smart Home Kowboy

    Contact Smart Home Kowboy for all your Security and Smart home needs!! 863.221.8540 Also, if you are interested in making some great money in a great industry. Text or call me!!