sky of mind
Thursday, 20 December 2007, 2:36 pm
QUOTE(Jack @ Thursday, 20 December 2007, 10:16 am)

But it will always be less than owning. Plus there are hidden costs like maintenance and property taxes. In the end, are you really ever making money by owning a house? Besides, if you own your own house, you are pretty much stuck there. If the neighborhood sucks or you want to take a job in a different part of the country, oh well. It really seems like one of those things that you are "supposed to do", just like having kids. It is all part of this bullshit "American Dream" that is meant to get all of your money. When is a person more free, when they rent an apartment and have no kids or when they have a mortgage with a bunch of little pissers running around? I'll try to hold onto my money and my freedom by avoiding the whole suburban family life style, although i do like living in the suburbs.
If you have an investment account, there are also hidden costs, and taxes.
Buy the house. Long term you won't regret it.
Would you honestly consider not owning a car, and instead renting one month to month?
And a car almost never builds equity. Plus, there is always the possibility that you could actually pay for it before you die. At your age I might even consider that very likely.
Home ownership, even better, land ownership is most likely one of this worlds most secure investments.