Your House is NOT an Asset Anymore - Raoul Pal

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[danherrick]

A great argument except for renting costs as much monthly as having a mortgage so you’re spending that money each money either way

[christopherneufelt]

Depends where your house is and what quality has. By the way, a small appartment when owned is also fine.

[Alex_Mitchell]

"Downsizing" is not what most older adults will do. When one becomes infirm enough to go int some sort of care facility, having a house to sell can mean the difference between ending up in a pretty bleak place or being able to afford a pleasant final home.

[gonnahavemesomefun]

He’s not factoring in risk. You lose your house, you lose your job. You lose your job, you lose your house. You need to buy a house that is compatible with your earnings and pay it asap.

[ModestFrolov]

Bought XAI90S after watching your video, super excited! 💰

[MarkWestonX]

Love him
But
Bet he owns and controls his own house
Bottom line ... do what is right for you and your family

[carolinedesjardins]

It really depends on where you live and the cost of the house in comparison of renting. Renting is also very expensive and hard to find a nice place with kids.

[FFL]

There's this weird thing where everyone wants house prices to go up and up and up. For what? To feel rich? It just makes it harder to upgrade, because you normally sell and buy in the same market.

[МирославКоровин]

💖 Big thanks for the insights into XAI90S and PEPE. Both seem like solid picks for the future 💖

[allthingstravel]

Where the F are you supposed to live then ? Rents are more than Mortgages ! 😅

[shortydynamiteTN]

Okay so what do you do in the meantime? Pay rent?

That's paying 100% interest!

[BurningSmith]

If you buy a house(with a loan), you can use it right away for decades and at some point it's yours, you can also sell it while you are still living in it if you get older to convert it into cash, if you don't have kids to inherit it to. Saving money to grow makes no sense to a certain point, since you need to spend it for your wellbeeing and happiness. It's a question about renting and buying not buying or saving. Imaging saving 30 Years, paying rent all the time to then buy a house, that's a big L for you. You wasted 30 years not living in your own house paying intrest to the landlord instead of the bank.

[stevevlahos]

You buy a house, live on peanuts, pay it off in max 5 years and you’re done. This obsession of consumerism is nuts.

[graathful]

It’s an asset, it just isn’t liquid the same way as a stock or cash. It is an instance where liquidity is traded for utility.

[bonjourtoutlemonde]

Your point of view is only valid if you just live in the house. If you rent some part(s) of it at the same time, the house payment costs you nothing by being paid by your tenants.

It's how you turn a liability into an asset.

[jasonhammons]

People think of houses as assets because the banks say they are assets

[MichaelChiasson-yo]

Ever heard of borrowing against the equity in your home to fund other things? Owning a home is a very important and useful financial tool!

[LarsonFamilyFarm-LLC]

Boomer here w/ experience: 15 year mortgage on a house...that's the key, the ticket to freedom. Even a 10 year mortgage if you can swing it. Real wealth occurs after your home is paid for.

[nemonemo]

Savings is the answer; ????.... But they are printing money, night and day.... So cash is trash!!! If you own an asset like a house, no matter how much money they print. You still own an asset and they cannot devalue it!!

[AS-o]

That would make sense if renting was so much cheaper than mortgage, but it’s not!