Academics agree: buying a house is bad for your wealth
Why throw your money away on a mortgage, maintenance, property taxes, and insurance, when you can rent instead?
I pointed out in March that housing is a horrible investment unless we get inflation. A new study takes it even further: even during the past 30 years of phenomenal home price inflation, renters were better off than buyers.
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
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We've noted before that a bunch of economic trends turned bad when Nixon closed the gold window and we launched into the current pure f...