Quote:
Originally Posted by stacey
If it is never cheaper to rent than own why would anyone buy?
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Well if you have a family, you have control of your living situation as an owner as opposed to being a renter. I treat home ownership as being able to provide a stable living situation for my family. If you need real estate to be an investment that appreciates...you can get yourself into trouble. Home ownership for a young couple with no kids who came to the city for work, and don't know if they want to stick around but who can live in a 800 sq.ft apartment may not be the right choice.
Houses are not an investment and you shouldn't expect your house too make you rich. But we all need a place to live, and for most of us who fall in line with the ideal of getting married, having kids...owning a house to live in can be a choice that you can accept.