The responses are overwhelming — obviously I struck a cord. Sorry if my message came across as looking down on “renters” that was not the intent. I merely tried to present an opposing side of the equation.
For my family, owning is best. To the mom above — I can appreciate where you are and wish you the best — being a mom is the toughest job in the world. I stayed home for a year and it was hard. Am I apologetic though for making a different decision than you? No. My parents raised 3 kids in an apartment and we are just fine, as people first and as productive people next.
I am a 35 year old mom of a 2 year old and delayed having a child until I met the right husband. In the meantime, I worked my ass off and went to college, got 3 degrees and worked and worked. I still work not because it’s a mandate but because I choose to and I happen to enjoy the work I do. Point is…we all make choices that work for us and no one choice is better than the other.
The point of my original post was to make others on the board aware of the fact that this negative sentiment (which is very pervasive on this board) about home ownership is way overdone. The market goes up, the market goes down.
I’ve read every post since my post and am convinced more than ever that people who come here, come to have their perspective supported. More power to you — but without opposing views what credence do your points have?
For what it is worth, I think everyone here is very bright and probably much more aware of what is happening than others. I think some of you can use some education in etiquette and taking a chill pill. If you truly believe the market is crashing, sit back and relax and enjoy the ride down while you await your golden oppportunity to jump back in.
Whatever you choose, good luck and remember you can’t take any of it with you.