You Think You're Ready to Buy a House???

My daughter called me up yesterday and she said, dad, what do you think about me going to do summer sales next summer, make a whole bunch of money and buy a house? This is my 20 year old, right? Buy a house and live in the basement and rent out the top and then have that be my first real estate investment. We had to talk about some realism when it comes to house hacking, when to it comes. When it comes to real estate investing. The first thing I asked her was, well, where are you going to live when you get out of school six months after you buy this house? Where are you going to be? I don't know, dad. What's your job going to look like? I don't know, dad. How much income are you going to have? I don't know, dad. But you think buying a house now and starting your real estate empire now is the way to go? Is that right? And she's like, well, okay, it doesn't sound so smart when you put it that way. And that's how it sounds when I hear lots of new residents talking about buying their homes.