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One of the best things about being a renter is that you can find relatively cheap housing if you want to work at it. Housing designed for owner occupants tends to be bigger and with more amenities, and more expensive if you compare the costs directly with renting, and often you can't find comparably simple and cheap accomodations.

So buying becomes attractive when people want more luxury of one kind or another and are willing to pay for it. Nothing wrong with that of course, but we tend to like to deceive ourselves about our motives by talking about buying a home "as an investment" and "not wanting to throw money away on rent" and such.

Seattle Pioneer

SP, you've got my number. I could rent for less if I was willing to downgrade. But I really like the small luxuries my apt affords me. And if I buy, it will be a reasonably nice home - not a luxury home by any means, but also not the cheapest home I could buy.

I will say, though, that I never, ever spout that silly junk about a home being an investment, etc. In fact, every time someone tells me that I should buy "for the tax deduction" or so I can "stop throwing money away on rent," hackles rise on the back of my neck and I find myself snappily correcting their retarded statements. This is generally not received well, I should mention. But, hey, they shouldn't offer their dumb financial advice if they don't want to find out how much I value it!

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