LOB. I say nothing negative about renters. I have been a renter and put off buying my first house longer than my peers. I paid cash for it.
I am where I am because I have made good financial decisions. I am well within my comfort zone. If my new RSF homes looses so much value that I am underwater after a 30% down payment and paying 15% below asking, I will be just fine. As I said, it is not an investment. It is my future home.
If my wife leaves me for the pool boy and I have to sell it at a loss, as jpinpb said, it is just money. I don’t waste it, but sometimes you loose some of it. Life goes on. Watching your $$ does not mean your world ends when you permanently misplace a few.
