KIKI, you have to go inward for the answer. You have to ask yourself: “other than emotional reason’s of materialism, WHY would you want to own anything” ? If it makes sense, I understand, but it DOES NOT make sense currently. Are your decorating tastes so weird that in order to “decorate” your abode you must own it ? If not than why is it so important to you to “own” something ? Can you take it with you when you go ? Will you be paying CASH for it with no mortgage ?
When buying real estate rivals the expense of renting real estate, and your tax situation allows you to take advantage of it, then you should buy. But spending 3 dollars to save one dollar in taxes is sillyness.
Be different than the herd of sheeple, throw away the idea of “owning” today, its a game designed to indebt you, not empower you. Its all f**ked up presently, it will take years to unravel. Rethink your value system and disarm your opponents in this inner struggle your fighting. You are no less of a person if you rent, in fact, it will soon be viewed as a sign of mental prowess, discipline and restraint, all good virtues. Dont fall for that ownership phallacy of being a good or better citizen of the community because you own instead of rent.
If everybody with financial wherewithall decided tomorrow that they “no longer” felt it necessary to own real estate, the prices would tumble and get back to some type of sanity, until then, greed and materialism are the order of the day, thats a ride that you dont want to get on.
Ease your mind, take a break and give yourself credit for being shrewd and displaying restraint, your on the right path, the market will come to you when this storm passes.
