[quote=HarryBosch]All this analysis is great for all you single guys and single heads of households. But when you’re married you have other variables such as: compromising values, emotional security, pride of ownership, building a future and maintaining a path to retirement. All of which exert more pressure to buy rather than rent.
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I beg to differ Harry, I’m married, my wife makes almost as much as me (probably going to pass me very soon) and has the same values as me.
I personally was raised in an apartment, we rented, and it made no difference. With the difference in what you save vs. owning right now you can invest that and it builds rather quickly, because it’s a nice amount of cash. Which will also appreciate faster than any place you buy right now. So you are hindering your retirement path, not helping it. The only thing you get out of buying right now is pride of ownership at the cost of everything else. Since emotional security will be gone because you will have less disposable income due to a nice fat mortgage payment to go with your “pride of ownership”.
I tell you what.. my pride of ownership has went from owning a house, to owning a nice growing bank account that is fully liquid and easily accessible.
Point that out to the Mrs. and it’s amazing how they jump on the same ship as you.
