‘I Will Teach You to Be Rich’ blogger calls buying a home a ‘terrible financial decision’

Source: USA Today — 

Ramit Sethi is a personal finance expert best known for his blog, I Will Teach You to Be Rich. Recently, Sethi took to Twitter to explain why purchasing a home – although he likely will do so – is actually a terrible financial decision.

This idea may come as a surprise, since real estate is often painted as a wise purchase that can improve your net worth as you build equity in your home. But Sethi has some good reasons for why a home purchase isn’t a good investment for him. Here’s what he had to say.