Hacker News Reader

You know what's worse than homes when it comes to investments? Kids! They don't give you any return on investment at all until possibly late in life, depending on your culture and relationship (better hope they stay near you) and they make you a lot less mobile, both in terms of geography and career opportunities. They suck up a lot of your income and they probably shorten your life span due to lost sleep in the early years.

Stay away!

View on HN

Buying a home is a bad investment, that doesn't mean you shouldn't do it :)

Just don't do it as an investment.

I think a lot of people miss this point. A home isn't an investment. It's a place to live. There are studies I have seen that show that your children do better in school if you have a house vs an apartment. There could be other variables there sure. But the main reason I hear to buy a home is to 'invest in your future'.

Personally, I live in an apartment. I don't want the upkeep costs and time associated with a house. Even if I were to find a place to buy with a mortgage similar to my rent, I would then have upkeep costs on top of that. No thanks. I'll let someone else do all my maintenance, mowing, and snow removal, thank you very much.

Reply on news.ycombinator.com