Scaredycat, continue as a renter and put your money in the stock market, or gold, or silver… no wait… I can get you such a deal on derivatives.

The point is, if you are looking for investments then there are no sure bets.

If you are looking for a place to live and raise your family then I think it is better to build equity (slowly) than to flush rent money down the toilet each month. You must pay to live somewhere.

What does the FHA default rate, which is not 30%, have to do with this conversation?