1970: Why I Am Never Going to Own a Home Again by James Altucher
Optimal Finance Daily - Financial Independence and Money Advice
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Why I'm Never Going to Own a Home Again
Housing prices have gone down far enough as of when this article was written in 20 19. Over the long run, appreciation in real estate typically just keeps up with inflation. Many people who invest in high cost of living areas, properties that follow the one % rule are nearly impossible to find. This is another reason why many people in the personal finance space will point out that your primary residence is not an investment. A property is an investment. It's an income producing asset. And it becomes an income generating asset when you focus on cash flow, on rental properties, not appreciation.
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