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The Higher Self with Danny Morel

Is Buying a Home a Good Investment?

The Higher Self with Danny Morel

Danny Morel

Spirituality, Religion & Spirituality

4.5861 Ratings

🗓️ 18 November 2019

⏱️ 11 minutes

🧾️ Download transcript

Summary

In this episode, I breakdown how buying a home may or may not be the right investment for you. Recently in the personal development space, gurus have been talking about how buying a home is the worst investment you can make.

Transcript

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0:00.0

Hey friends, on this episode of the Danny Morel show, we discuss a topic that is a hot one on Instagram right now, is buying a home a good investment.

0:10.2

I've got a couple of points that I want to share with you specifically about this topic, being that we're in the real estate industry.

0:17.3

We invest our money in real estate. And I feel that we have some really good insights for this particular issue.

0:23.6

If you're a real estate professional out there, you might be watching some of these videos that are floating around wondering,

0:29.6

what the heck, I love helping people, these videos are getting out there, they might be confusing people,

0:34.6

and I don't really have good talking points to help people understand the reality of buying a home. That's what I want to do with you on this

0:43.3

podcast. I want to share with you some insight so that you can fully understand where this issue

0:49.1

came from. The reason why these videos are being put out there and most importantly, how you can help

0:55.5

your home buyers to understand that for them, buying a home could be quite frankly one of

1:01.7

the best investments they ever make.

1:03.7

So first let's take a look at where this issue started.

1:06.7

This started with Robert Kiyosaki and the book, Rich Dad, Poor Dad.

1:11.0

The concept of a home being a terrible investment has been around since he launched the book.

1:16.9

Quite frankly, I love the book.

1:18.2

And quite frankly, I will say this, from the perspective of your financial statement, right?

1:26.0

And from the perspective of it being an asset or a liability, some of you

1:32.3

will consider your home an asset. From Robert Kielsaucke's perspective, a home is a liability.

1:39.3

And the reason why it's a liability is because it costs you money it doesn't give you money now more

1:46.3

on that a little bit later about a year and a half ago or so maybe two years ago gary started

1:54.2

making videos calling a home a really bad investment and obviously our friend grant is now on that bandwagon and he's making a video

2:03.4

every week saying that it's a bad investment. And I'm going to tell you why. This is very,

2:09.0

very important. You've got to pay attention to this. Okay. I've got three points that I want

...

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