He wants to buy a house not rent. Why shouldn't he when he can obviously afford it? He is probably more qualified buying his first house then most.No -- he said he was tired of living in an apt. I just pointed out that there are alternatives other than buying a house such as renting a home, condo, townhouse, etc. Please tell me again how I am throwing my money away on interest (and appliances and yard maintenance) when I just made $335,000 selling MY starter home? Gee, sure wish I would have rented those last 8 years......NOT!My friend Doug lived in furnished, rented apartments his entire professional life and retired a multimillionaire because he chose to put his time and money into stocks rather than housing and the extra demands it calls for.But now that we've traded stories which "prove" each extreme.... B^)The point I was trying to make was that the owner and renter are both investors, the owner (like you) with the home and the renter (like Doug) with savings realized by not having to pay as much for shelter. *NEITHER* is throwing money away; either/both may do well or poorly.
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