I've been shitting on college forever, but I haven't been shitting much on home ownership. But the truth is we might be entering an era where the benefits of home ownership are outweighed by the costs. I know people get extremely defensive about home ownership, so I'll say this: 1. If you're buying it outright, good for you. 2. If you're buying it for rental income, go for it. 3. But if you're buying your first home with a 30-year mortgage, and you have HOA fees and property taxes on top of your insurance, repairs, maintenance, renovations, even furnishing, while most likely living in 1 spot for the next 20 years, you might want to rethink your decision. We all like to talk about home equity. But isn't it the same as deferring life enjoyment until we're 65, which we already know is a stupid strategy? Sure, you can sell your home and cash out on your equity, blah blah blah. But how likely are you to do that if you actually like living there? Being house-poor is very real. Home ownership is great if you can get it at a good price, like many places here in Europe. But to pay the inflated prices in the US while slaving away to pay for it and being stuck in 1 place forever? Is that really worth it? 🤔