Your House versus the Stock Market with Josh and Ben Carlson
The Compound and Friends
Josh Brown
4.7 • 2.2K Ratings
🗓️ 3 April 2019
⏱️ 8 minutes
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| 0:00.0 | If you're listening on with Ben Carlson of a wealth of common sense, Ben did a post about why real estate as an asset class and and your house price specifically can't really be compared to how the stock market is done and we |
| 0:16.3 | tweeted it out this morning and people are going crazy like hundreds of comments on this. |
| 0:21.3 | First of all, why do you think people react in such a big way |
| 0:24.9 | whenever you write about housing as an investment? It's such a, I mean obviously |
| 0:28.9 | there's this whole stuff about the American dream and it's the biggest investment of |
| 0:32.3 | your life but I mean it's such a |
| 0:35.1 | personal asset to you and people have such a personal stake in it so it's it is |
| 0:39.2 | crazy I shouldn't be surprised anymore but I kind of am every time I'm right about the housing market, |
| 0:43.7 | there's tons of feedback and tons of comments and questions and people pushing back, and it's |
| 0:47.9 | obviously a topic that strikes a lot of emotion for people. |
| 0:51.9 | So the best, to me, the best point that you make, and there's a lot of good points, and we'll |
| 0:56.0 | link to the post in the notes, but the best point that you make is that looking at the price |
| 1:01.9 | appreciation of your own house and then saying you see that was better than the stock market |
| 1:08.2 | It's almost like saying it's almost like saying I bought this one stock 30 years ago and it turned out to be Berkshire Hathaway. |
| 1:16.9 | Like it's almost like an impossible way of looking at it but people can't help themselves |
| 1:21.6 | because their only real |
| 1:23.4 | experience is their own experience yes and we're dealing with big numbers too and |
| 1:27.2 | then there's those stories where one my grandparents bought a house in the |
| 1:29.6 | 1930s for three thousand dollars or whatever it and look at how much it's worth now. |
| 1:34.0 | So I think it's just it's hard for people to wrap their head around because it is such a big |
| 1:37.8 | number and they have this sort of big emotional investment in it. |
| 1:41.6 | But comparing it to stocks is just, |
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