O’Leary: “You’d be an idiot to buy a house”

BNN speaks with Kevin O’Leary, Chairman of O’Leary Financial Group, about the state of Canada’s housing market and his take on real estate as an investment. He says he is against the purchasing of a home because there is “zero chance” you would get, say, a 12 percent appreciation on a home over the next five years. He also says for that reason, you are better off renting.

Source: BNN