Quote:
Originally Posted by blankall
People are overlooking just how important the house is. In North America, that is the principle way that most people build wealth. If you're stuck renting longer and longer, it's going to take much longer to be able to build any kind of wealth.
Sure the modern world provides more opporunity to get drunk with your buddies, especially as people are having kids later and later. That's not really what we're talking about though. We're talking about the ability to graduate from school, get a job, and build equity.
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"A house is a roof over your head and not an investment" - average Joe in 1985
"In North America, that (house) is the principle way that most people build wealth." - average Joe in 2012
Wonder why houses are so expensive.....