property keeps you in the slow lane

  1. 11,846 Posts.
    "Don’t buy a house

    It may be the great Aussie dream, but Mr Delosa says buying a house will only tie you down.

    “The suggestion that young people invest in a property first and foremost while still young is a very irresponsible piece of advice.”

    “To purchase a property there are high values to entry, deposit and fees, [then people are] tied to one location and stuck paying a mortgage for 30 years they can barely afford.”

    He said this only stifles your ability to do things outside the box and means people end up married to their job."

    http://www.dailytelegraph.com.au/business/small-business/jack-delosas-new-book-unprofessional-describes-how-doing-everything-wrong-made-him-rich/story-fni0d9qo-1226840446368
 
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