1970: Why I Am Never Going to Own a Home Again by James Altucher

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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 24 July 2022

⏱️ 12 minutes

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Summary

James Altucher shares why he is never going to own a home again. Episode 1970: Why I Am Never Going to Own a Home Again by James Altucher James Altucher is an American hedge fund manager, entrepreneur, bestselling author, and podcaster. He has founded or cofounded more than 20 companies and says he failed at 17 of them. He has published 11 books, and is a regular contributor to The Financial Times, TechCrunch, and The Huffington Post. USA Today named his book Choose Yourself one of the 12 Best Business Books of All Time. The original post is located here: https://jamesaltucher.com/blog/why-i-am-never-going-to-own-a-home-again/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	When you can't quite get the angle, take hands-free selfies with the Samsung Galaxy Z Flip 5,
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0:18.4	Welcome aboard this Air France podcast message. Air France and its crew invite you to discover
0:24.4	its business class cabin, where you can enjoy a full flat bed. For even more comfort,
0:30.8	an ultra soft duvet and pillow are at your disposal. Air France wishes you a pleasant podcast.
0:38.3	Elegance is a journey. Air France. Book your business class tickets now at airfrance.co.uk.
0:45.5	This is Optimal Finance Daily episode 1970. Why I'm never going to own a home again.
0:52.1	By James Altature of JamesAltature.com. And I'm your host and personal finance enthusiast,
0:58.8	Diana Mariam. Now let's get to today's post as we optimize your life.
1:08.4	Why I'm never going to own a home again. By James Altature of JamesAltature.com.
1:15.7	Many people have said to me in the past month, I'm going to buy a home. Or what do you think of
1:21.3	the idea of me buying a home. I like this second batch of people. They're my friends and it seems
1:28.0	like they're sincerely asking for my advice. And I'm going to give it to them, whether they
1:33.1	meant it or not. I have some stories about owning a home. One of them is where I describe my complete
1:39.6	path into utter depravity and insanity. The other one is still too personal. It's filled with about
1:47.0	as much pain as I can fit onto a page. Oh, I have a third one also from when I was growing up.
1:53.6	But I don't want to upset anyone in my family, so I'll leave it out. Oh, I have a fourth story that
1:59.0	I just forgot about until this very second. But enough about me. Let's get right to it.
2:05.2	There are many reasons to not buy a home. Financial. Number one, cash gone.
2:14.0	You have to write a big fat check for a down payment. But it's an investment you might say to me.
2:20.6	Historically, this isn't true. Housing returned 0.4% per year from 1890 to 2004. And that's just
	...

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