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No. of Recommendations: 2
ptheland writes,

In effect owning a home is prepaying for a lifetime of housing costs. If you live long enough that could be a wise financial choice. Not always, of course, but I suspect it is true often enough to be something to consider in a strict number-crunching way, apart from the psychological benefits.

</snip>


I agree, if the numbers make sense.

I actually bought a condo a couple of years ago when the real estate bust allowed me to buy one for 6 times its annual rent. That was the kind of deal I needed to accept the burdens and hassles of owning a home.

intercst
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