Now that you told us about your finances, I can tell you that many folks here at Piggington (including myself) have more money than you. Yet, we chose to rent single family houses instead of buying. And we do that because of STABILITY:
Emotional stability for the children: We have 2 kids. At the house I’m renting, there is 4 bedrooms & a back yard for them to play. Children are happy when they have adequate living space & loving parents. The facts that my wife & I are not home owners is quite irrelevant.
Financial stability: Yes, it’s true that we currently have financial stability. But, the money we save from avoiding equity loss when home prices go down (and they are going down as we speak) means that we have EVEN MORE financial stability in the future.
As you can see, we will NOT be on the sideline forever. We are just waiting for the right time to POUNCE on the real estate market with our buying power 🙂
You said that “Renting sucks plain and simple”. I don’t think so. In fact, I think that buying right now sucks!
