Dumb Moves That Sound Smart: Buying a House


Buying a home is not a poor thing if you’re prepared to be a homeowner and you know what you’re getting into. But if you justify buying with the well-worn: “I just want to stop throwing away lease cash,” you’re about to embark on a stupid move of cash that only sounds intelligent because no one has worked out the math. How could I question this age-old wisdom’s straightforward logic? After all, in a house you create equity. By renting, you’re not building equity, right? Absolutely. But let’s look at…

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