JL Collins - Why your house is a terrible investment - Summary
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Click to see the full artible. This is my summary, quoting and paraphrasing the content:
- takes months to buy / sell, research
- expensive to buy / sell, commissions
- complex to buy / sell, regulations
- no returns above inflation
- leveraged, multiply gains and losses
- mortgaged, interest cost
- unproductive, no dividends
- immobile, single location
- expensive, less diversification
- ongoing maintenance costs, renovation
- fragile, easily damaged
- heavily taxed
- subject to eminent domain, can be taken by the government
- impossible to divide