As a young adult you get a ton of advice from your elders.  Some of it makes sense.  Things like establish a pattern of saving money, try out a few careers until you find the one you like, reach for the stars, and things of that nature all make sense.

As you know there is a ton of poor advice that people hand out as well.  Things like wait until you are 30 to get married, only congregate with people inside your race, and buy a home because it is an investment are just downright stupid.

I hear the gasps and the jeers.  Buying a home at a young age isn’t stupid!  I did that.  I own my home and its an investment!

If you believe that I have a bridge in Brooklyn to sell you.

Dictionary.com defines an investment as the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.  Homes, while they historically appreciate in value aren’t necessarily investments or even assets.  If you can’t sell your home then it isn’t an investment.  It’s a home you bought that you can’t sell.

Plenty of people disagree with this stance so I won’t be surprised when the page lights up with comments.  What do you think?

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