I do find [Rao’s] ‘the biggest thing you actually buy is a car’ attitude odd given the existence of houses.
He does touch on the existence of houses:
We’ve been shopping for a house for the first time and it feels clearly like “buying a full-stack theory of life”
Maybe this somewhat depends if you’re relying on mortgage financing etc?
If you are buying “a place to live” that can get complicated.
But buying “a building to rent out” isn’t any more fraught than buying a car (or a boat, which is a more expensive vehicle; or a private jet for an even bigger “thing”).
He does touch on the existence of houses:
Maybe this somewhat depends if you’re relying on mortgage financing etc?
If you are buying “a place to live” that can get complicated.
But buying “a building to rent out” isn’t any more fraught than buying a car (or a boat, which is a more expensive vehicle; or a private jet for an even bigger “thing”).