Financial Expert on Why Buying a Home Is a Bad Idea

financial expert
financial expert

The idea that buying a home might be a totally bad investment is a hard statement to digest. Hedge fund manager and Huffington Post contributor James Altucher made big internet waves last week with his declarative and super-viral post stating: "Why I Am Never Going to Own a Home Again."

The kind of guy to make a lofty statement like that and then follow it up with an extensive and pretty good argument as to why he's even bothering to say it, clearly can go on and on about such advice. So AOL Real Estate called him up at home in his New York state rental home for a chat: