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Epic Real Estate Investing

Why Your Home is a Terrible Investment | 389

Epic Real Estate Investing

Matt Theriault

Investing, Business

4.7955 Ratings

🗓️ 11 May 2018

⏱️ 8 minutes

🧾️ Download transcript

Summary

Forget everything you've been told! On today's Financial Freedom Friday, Matt explains why your home is a TERRIBLE investment. Learn how to avoid investing with your emotions, a simple trick to help you decide whether to rent or buy, and a superior alternative to investing all your money in one house.

Transcript

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0:00.0

This is Terry O'Media.

0:04.0

I am Mad Terrio at Epic Real Estate and welcome to another episode of Financial Freedom Friday with Matt Terrio.

0:23.2

So last week, maybe it was two weeks ago, we put up a meme on our Instagram account.

0:29.5

You want to follow us so we're at Epic Real Estate.

0:32.6

But we put a meme up there and said,

0:34.4

your primary residence is the worst performing

0:36.7

investment in America.

0:39.0

And that ignited some spirited conversation and you know it's understandable and we talked

0:47.2

about the sound a couple weeks ago when we were talking about the 401k we were talking

0:49.8

about the IRA about being careful not to invest with your emotions, but rather invest with your math.

0:57.8

And when you're talking about your primary residence,

1:02.5

there's probably even more emotions attached to that investment

1:06.0

than there is to the 401k,

1:07.5

so understandably, people have never heard anything like that before.

1:12.0

They had a lot of questions and a lot of

1:13.6

comments. But let's look at this. You know we've all been told that you know the

1:18.4

first thing you do and most people do their biggest purchase their biggest investment in life is going to be their

1:23.7

home it's going to be their primary residence that's what people set out to do is when you

1:26.7

leave the house that's kind of what you're thinking about

1:29.2

uh... when you get married that's kind of what you're thinking about where we gonna

1:32.0

settle down where we gonna buy a house and married that's kind of what you're thinking about where are we going to

1:32.8

buy a house and you know there's even a stigma attached to it is you have a higher

...

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