08/19/2010 05:59 pm ET Updated May 25, 2011

7 Reasons Why You SHOULDN'T Buy a Home: James Altucher

This article is going to be a contradiction. After the fall that housing has suffered, I think that that, as an asset class, housing will probably be a decent investment going forward. But nobody should ever consider owning a home.

One of the biggest scams perpetrated on the American public is that owning a home is the "American Dream." It's more nightmare than dream as millions of Americans now know. But it has always been that way. Here's why.

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