Why Buying a House is a BAD IDEA! Don’t buy a house to live in. Lifestyle Inflation.

Is Buying a House a Good Idea or Bad Idea? What impacts whether buying your own home is a good investment or bad? Is it a good idea to buy a house?

You’ve likely came across the debate over buy vs rent:
There are a ton of Buy or Rent Calculators Online – but does that take into consideration all facts?

Frequent Arguments for Why You Should Buy a House:
-Best Investment Your Parents/Grand Parents ever made
-Forced Savings Plan
-Quality of Life

Arguments for Why You Should Rent Your House:
-Flexibility, and Ability to Pivot are much higher
-Low overhead, Simpler
-Most People don’t review all the facts/costs

Honestly though – the number one decider is this: Are you conscious of your consumption? Will buying a home result in further lifestyle inflation?

Matt McKeever:

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Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt will walk the viewer through how to invest in real estate using such strategies as the BRRRR method while also documenting his personal experience as a real estate investor. Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College. In 2016 he’s acquired over 25 units.

As well on this channel Matt will share his personal monthly spending and discuss the strategies and tactics needed to reach financial independence (retire early) at a young age. We’ll discuss such topics as safe withdrawal rates, how to build passive income streams and how to reduce your personal consumption

20 Responses to Why Buying a House is a BAD IDEA! Don’t buy a house to live in. Lifestyle Inflation.

  1. Tallal Labanieh

    All these fees. All that property tax, and as the house appreciates that income tax will increase someone I watched said 3,000 in one year. The person had to appeal and in the meantime had to pay the taxes. And the accesors office had 9 months to repay the overcharge if the appeal was in homeowners favor if not ur assed out. Too much bs for my $$. Repairs are on you also. I rather pay the security deposit and rent the taxes alone almost covers 5 months of my rent for a year.

  2. Darren Cabral

    Love this man, I keep trying to tell people this… If you have the free cash to purchase a 500,000 home, don't. Find a tri-plex or four-plex, get some tenants in their generating cashflow, and just rent your primary residence somewhere.

  3. talabama

    My experience.  I have been renting for a long time.  I put all the extra money on investments with dividends.  Today my dividends gives me money to pay my rent 5-6 times each month on this investment alone.  I separated my investments to see the results.   The numbers never lies.  I could buy my house tomorrow but if I decide to live in Italy for one year or Amsterdam or move from my city for 2 or 3 years.  I think money is key.  Also any problem in the house you just call the owner.  Most guys buy a house because a pressure from their wives.  If they divorce she keeps the house.  I do not have this problem  because I date only 10's.  Lol.   Life is great.  Good video.  This is my experience.

  4. PianoKeyz

    The error in the video, at least with most of the US is that a mortgage payment is far cheaper than a rent payment.

  5. ClearOutSamskaras

    How did you get your Moleskine to stay suspended on that giant glorious whiteboard? And where did you get that gorgeous whiteboard from, anyway!?

  6. Tommy

    The seller pays realtor fees right?

  7. Elephant In The Room


  8. Dan The Mentor

    Thanks for the video. Finally someone who understands what i have been trying to tell people. lol Great vid!

  9. Kellan P.

    Whew – all I see here are solutions!

  10. Ryan Gillis

    Great video Matt! Love this video style!

  11. ying yang

    You are taking about single person or couple. What about family with kids who needs to go to school? What suggestions do you have


    Ok what about buying a cash flow property like a duplex or triplex and living one one of the units while renting the others versus renting.

  13. Roberto Gonzalez

    Am I the only one who watches Matt's (And Graham :D:P) videos once w/o interruption then re-watches it diligently while taking notes to then subsequently research concepts or terms discussed in the video – To then watch it a 3rd time with full understanding :D?

  14. Jessica Burroughs

    For me, this is your best vid 🙂

  15. Noel Bissoondial

    Thank you Matt, always constantly learning from you.

  16. 1337Mikael

    Loved this video! Totally agree with everything you said

  17. Michael Chung

    Great vid Matt.

  18. Jonathan Casares

    Thanks for the vid

  19. Dan Warren

    "A stranger is a friend you haven't met" LOL I love it!

  20. kj 90

    Great points here. It's definitely more worth it to rent in cities with grossly inflated home prices like Toronto and Vancouver while saving up to invest in income properties in cities more reasonably priced like London and Windsor!