re: Leasing a New Car

quote:

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Maybe I'm dense today but what does this mean?

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The notion that everyone should own a house is just as bad as the notion that everyone should go to college. People preach homeownership as a symbol of success. It’s what defined success for generations before us.

However, owning a home doesn’t make sense for an upwardly mobile individual. It ties you down geographically and financially. It doesn’t generate any income, it is most likely a huge liability although everyone looks at homeownership as having a huge asset.