Are You Buying a House or a Lottery Ticket?

The same week legendary investor Warren Buffett put his California vacation house on the market, a friend told me her widowed mother had sold the family home in Cleveland. Buffett bought his Laguna Beach place in 1971 for $150,000 and is asking $11 million. My friend’s parents bought their home for $24,500 in 1965 and…

from NerdWallet
https://www.nerdwallet.com/blog/mortgages/buying-house-lottery-ticket/

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