Article published on news.com.au today: Real Estate Tips: Is buying property financial suicide? | James Altucher OWNING your own house is as much the Australian dream as the American dream, and it’s one that feels increasingly out of reach for many. But when one user on Quora pondered whether it was ultimately better to rent or own your own home, blogger and investor James Altucher penned this highly controversial response: I am sick of me writing about this. Do you ever get sick of yourself? I am sick of me. But every day I see more propaganda about the American Dream of owning the home. I see codewords a $15 trillion dollar industry uses to hypnotise its religious adherents to BELIEVE. Lay down your money, your hard work, your lives and loves and debt, and BELIEVE! But I will qualify: if someone wants to own a home, own one. There should never be a judgment. I’m the last to judge. I’ve owned two homes. And lost two homes. If were to write an autobiography called: “My life — 10 miserable moments” owning a home would be two of them. I will never write that book, though, because I have too many moments of pleasure. I focus on those. But I will tell you the reasons I will never own a home again. Maybe some of you have read this before from me. I will try to add. Or, even better, be more concise. ... (more) I was about to pick apart the article, but some of the stuff that was written didn't make a lot of sense until I read the start more carefully and realised that this was an American discussing buying property in the United States. Some of the numbers used to prove his point are a bit questionable - such as using 60% LVRs when purchasing and an assumption of 6% yields. Not sure why news.com.au is publishing it in their Australian finance section anyway.