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...or rent. Sure, it's the American Dream to own your own home, but it's more of a luxury than a necessity as long as you can get housing.

True. My point speaks more to the fact that your housing cost (apartment, trailer, home) never really goes away.

So the equity you've built up in a home will pretty much always be spent on housing. Whether all at once if you were to buy something, or spread over time if you were to rent.

You can make the argument that you can always "buy down" and save the difference. True, but your difference would have been larger had you not "invested" in a home.

There are advantages and disadvantages to any approach when it comes to housing. But I think the best is to buy/rent something you can easily and afford and invest your discretionary funds other places.
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