In my wanderings through the internet, I came across this neat clip on google video. Its a 9 minute segment from the David Latko show. In the segment, David Latko invites David Bach on his program and then starts to criticise him for offering bad financial advice.
In case you don’t know who these people are. David Latko is the author of Everybody Wants Your Money. Latko advocates that people should rent and spend their excess cash on investing. David Back is the author of The Automatic Millionaire. Bach differs from Latko in that he says you should buy a house and not rent. Check out the video. Its nice and quick. The two Davids go after each other a bit, so its about as dramatic as personal finance can get.
For what it’s worth, I think that Bach is correct. According to the statistics I’ve read, people who own their own home tend to be wealthier and better off at retirement.
Best,
James
DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've both been up to our eyeballs in debt and have made tons of financial mistakes. However, we've both successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
