I guess your right – for most people it isn’t the way to go. I haven’t been in any house longer than 6 years – so thats the appeal for me. And I couldn’t imagine being in the same house too long – whether prices are going up or down. But because they are going down (with my short term mindframe – I would never buy a house in this market.) Lets see what 2 years has to offer.
Also – my equity is my company – not my house. I would rather take the excess and build up savings / portfolio and then sell the house in the future with my cost basis being my mortgage. If you are in it for the next 30 years – I would agree int only isn’t the way to go.
