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'Shark Tank' Investor Kevin O'Leary Says If You Make the Average $70K Salary, Don't Buy A House— Rent A 'Small' 1,500 Square Foot Home Instead [Yahoo! Finance]
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Owning a home might be the American dream, but Kevin O'Leary thinks too many people are rushing into a nightmare. In a Facebook post shared alongside his Fox Business interview in November, the "Shark Tank" investor gave blunt advice to young adults debating whether to rent or buy. When asked outright which path to take, O'Leary didn't hesitate: "Rent." His reasoning? "Start by renting until you start a family and keep it small, 1,500 feet or less if you've got the average salary of $70,000 annually," he wrote. "Once you decide to have a child, you gotta expand a little bit, get that second bedroom and also have an office in the house. Then you buy a home." Don't Miss: Missed the AI Boom's Biggest IPOs? This Platform Lets Everyday Investors Access Private Tech Early The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share In the accompanying video, he doubled down, warning buyers not to jump into homeownership unless they plan to
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