It's also possible that for someone like Zuckerberg it just doesn't matter. The guy is worth a billion plus, a few million on a house either way doesn't make any difference. If he's renting, it's easy to switch if he finds something different, or wants to move, or whatever. The extra time he'd spend looking for a house might not be worth the potential for gain on a house. Plus, if most of his money is tied up in Facebook stock, he might feel that its not worth selling that stock to buy real estate, because he'd have to pay tax on the gain plus the stock might be a better investment going forward.
Lots of potential reasons he doesn't buy other than real estate is a bad investment.
|