Quote:
Originally Posted by username
There's been a lot of research done on this and generally renting is better long term if you invest the extra money left over from not buying a home. With that said, very few people have the discipline to take that extra money, invest it and leave it. Chances are it's going to be blown on things like a fancy new car or something.
The advantage of buying a home is that it forces people to save and then when they are ready to retire they can downsize and pull that money out of their home and use it for retirement.
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I agree with you that the forced savings is important for almost everyone. The scary thing to me is how many times I hear the sentiment that people are planning on downsizing to retire, or that their retirement plan is their house.