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No. of Recommendations: 2
It is true for many, incorrect for others. If you want the freedoms that come with owning, that has value that only you can quantify.
AND...if you want the freedoms that come with renting that has value only you can quantify.

I love being a homeowner, but truly I felt more "free" when I was a renter. I had more discretionary income then (by far - even with tax savings), I had no maintenance concerns (new roof, recladding front of house, rebuilding front steps, etc), I had less "stuff" as my apartment was tiny - could throw almost all of it in the car and move if need be, I had no property tax obligations (AMT taxes away all tax benefits from this anyhow), I had more time (no gardening, fewer house chores), etc...

It's a good point that it's a totally personal decision. I love my house, and it was the right time to buy. But I was a renter for almost 20 years and never regretted it.
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