BUYING A HOUSE IS A WASTE OF MONEY

Buying a house can cost more than you think. JL Collins explains that home ownership often raises your cost of living far beyond the mortgage itself. He warns that buyers are frequently encouraged to borrow the maximum they can afford, which can leave them financially exposed. Ongoing expenses like maintenance, taxes, and upgrades add up quickly. He suggests viewing a home as an expensive lifestyle choice rather than a guaranteed investment, while noting that ownership can still have real psychological benefits. Do you think a home is more about lifestyle or money? #podcast #money #renting