People balk at spending $300,000 on a house that generates $600 monthly, but happily pay for college. The speaker argues buying real estate is cheaper education: if it fails in 18 months, you sell at a small loss and learned more than a degree would teach.
What I'm trying to say here is that university expenses, getting married, kids, and they do it, but then they won't pull the trigger on buying a $300,000 house that they're going to cash flow $600 a month. Hello? Yeah. I don't get it. I don't get it. I mean, that's really compared to starting a family or getting married, buying a house, man, you buy the house and if after, you know, 18 months it's not working out for you, you call your real estate agent and you put it on the market and So you either break even or you lose a few thousand bucks, and then you call that education, which is much cheaper than university, and then you just say, that was not for me.
Episode 575: Redefining Retirement as the Day All Your Choices Open Up with Doug Bennett
