This is a SUPER video to demonstrate how you have to be very careful when you buy a home and talk about it as an ‘investment’. It may be one of the *worst* investments you could make.
Please note that even though this video is excellent, it doesn’t talk about other very important factors like the fact that you have tied up $300,000 which cannot be invested elsewhere.
Buying a home, in certain cases, can be justified. However, it should not be made soley as a ‘great investment’. It is rarely great when you factor it all together. Especially when compared side by side with other investment options.
This is the kind of stuff that should be provided to clients and prospective clients of real estate agents.