3107: Why I Am Never Going to Own a Home Again by James Altucher on Renting versus Buying Real Estate

Optimal Finance Daily - Financial Independence and Money Advice

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3107:

James Altucher breaks down the emotional, financial, and psychological reasons he’s sworn off homeownership for good, arguing that buying a house is less of an investment and more of a trap. With sharp wit and hard-earned experience, he shows why renting offers freedom, flexibility, and far fewer hidden costs, making it a smarter lifestyle choice for those who value cash, time, and peace of mind.

Read along with the original article(s) here: https://jamesaltucher.com/blog/why-i-am-never-going-to-own-a-home-again/

Quotes to ponder:

"I want to fill a bathtub with all the dollar bills I would’ve used as a down payment on a house. I want to bathe in that bathtub."

"Saying 'my house is an investment' forgets the fact that a house has all the qualities of the ugliest type of investment."

"Do you feel like you can’t accomplish something in life until you own a house? Examine the real reasons you want to own and make sure they are coming from a good spot in your heart."

Episode references:

S&P 500 Index (for comparison): https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview

Learn more about your ad choices. Visit megaphone.fm/adchoices