Saturday, March 24, 2012

Why Entrepreneurs Should NOT Buy Homes

house1Editor?s note:James Altucher�is an investor, programmer, author, and entrepreneur. He is Managing Director of Formula Capital and has written 6 books on investing. His latest books are I Was Blind But Now I See and FAQ ME.�You can follow him�@jaltucher. Many people have said to me in the past few months, ?I?m going to buy a home.? Or, ?What do you think of the idea of me buying a home?? Everyone thinks: Well the housing crisis is now over so I should buy a home. They think: It's probably a good investment. They think: Time to put down "roots".� I've owned a home. A couple of times. I bought a home once after I sold a business. I then lost that home. I then went almost completely insane trying to sell it.

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