Charlie Munger: Don't Buy a House — Here's What I Did for 30 Years

For more than 30 years, Charlie Munger chose not to buy a house — not because he couldn’t afford one, but because the math told him not to. While millions of Americans were locking themselves into 30-year mortgages, property taxes, maintenance costs, and hidden expenses, Munger rented his home and invested the difference. The result wasn’t just higher returns — it was freedom, liquidity, and time. In this video, we break down the exact financial logic behind that decision. Not opinions. Not emotions. Just numbers, opportunity cost, and long-term consequences. You’ll see why buying a primary residence often destroys wealth instead of building it, how homeownership became a cultural myth rather than a financial strategy, and why so many people end up house-rich but cash-poor by retirement. This is not a video telling everyone to rent forever. It’s a reality check about when buying a house makes sense — and when it doesn’t. If you’re still building wealth, still trading time for money, and still early in your financial life, this may be one of the most important frameworks you’ll ever hear. Charlie Munger believed that the biggest financial mistakes aren’t dramatic — they’re socially accepted ones. This is one of them. Watch carefully. The math doesn’t care what you believe.