3387: Why Your House Is A Terrible Investment by JL Collins on Real Estate Myths

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 14 December 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 3387: JL Collins dismantles the myth of homeownership as a wise investment by outlining its hidden costs, risks, and poor returns compared to other financial vehicles. He challenges deeply held beliefs by showing how homes drain resources, limit flexibility, and often deliver subpar gains, all while being propped up by emotion and government subsidies. Read along with the original article(s) here: https://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/ Quotes to ponder: “While the structure never appreciates in value, the land a house sits on can appreciate in value due to changes in supply and demand.” "Imagine if our investment could somehow tie its owner to the fate of one narrow location. The risk could be enormous!" Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:15.4	Why Your House is a terrible investment by J.L. Collins of J.L. Collins.N.H.com.
1:22.6	James Altiture calls home ownership a part of the American religion. So I know I'm treading dangerous ground here.
1:30.3	But before you get out the tar and feathers, let's do a little thought experiment together.
1:35.9	Imagine over a cup of coffee or a glass of wine we get talking about investments.
1:41.0	Then maybe one of us, let's say you, says, hey, I've got an idea. We're always talking about good investments. Then maybe one of us, let's say you, says, hey, I've got an idea. We're always
1:46.4	talking about good investments. What if we came up with the worst possible investment we can
1:51.7	construct? What might that look like? Well, let's see now. Pulling out our lined yellow pad,
1:59.3	let's make a list. To be really terrible, it should be not
2:04.0	just an initial, but if we do it right, a relentlessly ongoing drain on the cash reserves of
2:09.7	the owner. It should be a liquid. We'll make it something that takes weeks, no wait, even better,
2:15.9	months of time and effort to buy or sell.
	...

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