Why invest in a house if your home is a liability?

Peter Lynch says to buy a house before investing in stocks because the home is the better investment (plus it’s useful to have a home). Robert Kiyosaki says your house is a liability, not an asset.

David Crook must be on Kiyosaki’s side judging from this article on the financial pitfalls of home ownership. He even argues that in many cases renting makes better financial sense than buying (since a mortgage is basically paying rent).

Peter Lynch might have common sense on his side but Kiyosaki and Crook make convincing arguments.

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