Quote:
Originally Posted by RogerWilco
Realy? I bought a home about 2 years ago, before that I was renting. When I was renting I had zero debt. So by this logic I should have continued renting rather than putting 25% down on a house? I feel that I am now ahead of the game then I was before. Do you feel I should have stayed renting? Sure I have debt but it beats my prior position of having no debt.
By your logic no one should buy a home because no debt = better than having a home? I don't think so.
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Are you further ahead though?
Lots of people make good money but still rent; the money they save renting vs. owning they invest.
I think home ownership should be a lifestyle choice; it's not an investment.
Right now buying is probably cheaper than renting because of low interest rates, but historically isn't owning typically more expensive than renting?