Here is a heart wrenching tale of how a married couple bought their first home and promptly lost $65,000.
That is real money out of their pocket, not just paper equity. I also applaud the honesty of the writer who really explains his situation with great personal detail.
This article makes the key point I have been telling readers for more than ten years.
YOUR PERSONAL RESIDENCE IS NOT AN INVESTMENT.
Your own home is a liability, not an asset. Treating your home as a retirement savings plan is a disaster waiting to happen, as this unlucky couple learned the hard way. For most people, especially these days, renting a home makes much more sense than buying one.