What are some of the drawbacks of owning a home?

What are some of the drawbacks of owning a home?

John Caliendo (Realtor) gives expert video advice on: What are some of the benefits of owning a home?; What are some of the drawbacks of owning a home? and more...

Well, I don't know if there are really any drawbacks to the American dream; it's kind of sacrilege to even think such a thing. But if you wanted to lead more of a nomadic life, a life on the go, you are firmly entrenched into a community. It's not like you can pick up your tent and vanish into the night. So a drawback is, for example, you could say that with an investment may not be as liquid as you'd like, meaning it's not cash in your pocket. Same thing with real estate, it's not something that you can dissolve overnight.