Adam Ruins Everything - Why Home Ownership is Actually a Terrible Investment

A lot of people who shop for homes would actually be better off renting. Subscribe: http://full.sc/1s9KQGe Watch Full Episodes for FREE: http://bit.ly/1Rw2yzp Check Adam’s Sources: http://bit.ly/1Q7MHpK In Adam Ruins Everything, host Adam Conover employs a combination of comedy, history and science to dispel widespread misconceptions about everything we take for granted. A blend of entertainment and enlightenment, Adam Ruins Everything is like that friend who knows a little bit too much about everything and is going to tell you about it... whether you like it or not. truTV Official Site: http://www.trutv.com/ Like truTV on Facebook: https://www.facebook.com/truTV Follow truTV on Twitter: https://twitter.com/truTV Follow truTV on Tumblr: http://trutv.tumblr.com/ Get the truTV app on Google Play: http://bit.ly/1eYxjPP Get the truTV app on iTunes: http://apple.co/1JiGkjh Way more truTV! Watch clips, sneak peeks and exclusives from original shows like Comedy Knockout, Those Who Can't and more – plus fresh video from hit shows like Impractical Jokers and The Carbonaro Effect. Adam Ruins Everything - Why Home Ownership is Actually a Terrible Investment

Comments

kabadanke: People are taking this waaaay too personally. He's just showing a different side to home ownership that people often don't think about. This has not convinced me to change my mind about owning a home but it has highlighted some interesting things to consider. Everybody should live on a case by case basis and if a 2-minute video is enough to upend your life, then you should review your susceptibility to other people's opinions.

Mr Shark: I live in the suburbs I know

FoxeyPlays: ya lol my grand parents bought a house 10 years ago and rented it for 2k a month and now tryed to sell it and actually lost like 50k to 100k that they spent on the house 10 years ago btw 2k is more then my mothers morgage of only 700 dollars a month also that house thats 2k a month is only 600 more square feet then the othere house that ony costs 700 dollars per month

Iamso4u: This is a hella over simplification and it would be at only 2:12 mins long. Renting makes financial and logistical sense for some. Buying makes sense for others.

bigart1993: Buying a single family house you live in is as big of a rip off as buying diamonds. Only for SUCKERS.

Jen Kerce: But can the owner of a rented house kick the renter out even if their paying their rent? Because what if they want to move back in? I had a neighbor who had to leave their rented home even though they were paying and were given a few months to move so the owners can move back in. With an owned house you have to pay the bank if you have a mortgage but they cant kick you out as long as your paying.

larry stevenson: Owning or renting is too individualized to say one way or the other, where I live if you didn't buy a home 5 years ago, you can no longer live here as rents have tripled.

Yasin Omidi: well after 30 years (or less) you can sell it and make most of the money back, after 30 years of rent you not only paid for a whole house you also are left with your pockets empty with no house

Rhodalyn: We need an extended version of this

eL_T: This is so not true. Sure he has a couple small points, but the pros far outweigh the cons. Adam must own rental properties.

FAITHandLOGIC: There are advantages and disadvantages to ownership and rent.

It depends on how long you plan on living there and other factors.

Long term? I'd say buy.

A LPZ: On this one I would have to disagree with Adam. Sometimes buying a home can be a great investment. Here in Salt Lake County, UT, since 2012, home prices have sky rocketed, same with rent. People paying rent for a two bedroom apartment are paying more in rent than people who bought a house in 2012. Also, if people would buy a house with a mother in law apartment, they can save themselves half or mire in mortgage payments. Another thing, if you get approved for a 300,000 home, buy a cheaper home, don't max out your loan, that way you can pay more into your principal, you'll end up saving a lot of money. Like I said, sometimes, not always

Leonardo Restrepo: Buying your first property shouldn’t be thought of as a chance to get your “forever home.” Rather, it’s a chance to build up your liquidity/assets. Your first home should be bought in a place that will continue to rise in property such that you are able to sell it at a profit (or receive rental payments) relative to the principal you’ve already paid off. You should research extensively before you buy, emphasizing future profitability rather than familial comfort. The fact that millenial and gen z families are waiting longer to start families (if at all) lends itself to this mode of thinking.

Rodney Roque: Adam’s an idiot. SMH.

terejov: This video was very dumb

AManFrom Porlock: This is pretty basic knowledge. I feel like either people are really stupid and don't know how to do a cost/benefit analysis (pros/cons list), or Adam is just trying to act like he's some chunky yoda placing some words of wisdom out there in a perceivable revealing way that are really just obvious facts.

James Gutierrez: Buying a home is not a good investment for those who aren’t looking to invest but to just live.....because it’s not an investment for them.

fuckyou: If you don't own a home where will you live when ur old or retired??

Live life To the fullest: I work for an industry where you may have to relocate if your station closes or is vendored out. Now if your house doesn't sell or can't find decent renter's your stuck with rent at a new location plus mortgage from the old location.

george palma: This guy makes a good point. your house is not an investment. It's a liability.
An investment makes you money.
Unless you're renting out some of the rooms or finding other ways to make money from the home. It's a liability.

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