The Advantages of Real Estate over Stocks

I’n the past, I’ve defended real estate ownership as a way to create long-term wealth, versus renting, which gradually destroys your wealth (but more specifically, prevents you from ever creating wealth, because you’re constantly bleeding cash every month). James Altucher staunchly opposes home ownership, in…

Why Foreign Real Estate is a Bad Investment

There is some advice that is so bad, as an act of public service it is necessary to debunk it. In this post, it’s about foreign real estate, or more specifically, why you should never buy foreign real estate. Five reasons not to buy US…

Economics Misconceptions, Part 2

From James Altucher: FINANCIAL FRIDAYS: WHY TODAY IS THE DAY YOU HAVE TO REINVENT YOURSELF It’s going to be a shitstorm and I hope I have my umbrella. For the financial elite, it’s the best of times. For everyone else, maybe not so much, but…

Robert Shiller…Wrong About Real Estate

Whether it’s Joseph Stiglitz, Paul Krugman, Daniel Kahneman, or Obama (the Nobel committee took a huge dent in credibility after that), even Nobel laureates are not beyond reproach. Now it’s Robert Shiller, another liberal Noble Prize recipient who has been wrong about wealth inequality and…

Bay Area Rent Is Surging

Despite tame CPI-based inflation, rent, particularly in the Bay Area, has really exploded since 2011: The Bay Area real estate market is white hot, defying all predictions of its collapse. According to Zillow, San Jose, San Francisco, Palo Alto, and Berkeley rent has gained 40-70%…

Is James Altucher Right About Never Buying a Home?

James Altucher really doesn’t like home ownership, but repeating an argument ad nauseam doesn’t make it good advice. James had a negative experience with real estate due to bad dotcom investments, in addition to 911, which forced him to sell his newly purchased expensive New…

Buy Stocks or Real Estate Instead of Paying Down Student Loan Debt

From Mike ‘the lawyer’ Cernovich: I currently have a relatively large mount of unpaid student loans. My student loan interest rate on the outstanding balance of the two loans is at 2.2% and 3.65%, respectively. I pay the interest only, as the difference between my…

Why Millennials Are Still Living With Their Parents

From the American Interest: Why Millennials Are Still Living with Their Parents Pew’s analysis of U.S. Census Bureau data finds that in spite of an improved labor market, “the nation’s 18- to 34-year-olds are less likely to be living independently of their families and establishing…