[quote=walterwhite]i had a pal who lived in a cheap motor home out near work for a year or so. I submit you do not need a house to live in.[/quote]
You don’t need much of anything in life. As I mentioned in another post, most of probably what other people spend their money on is probably a waste of money for you.
Your original comment above of: “I need to because my wife wants to do this.”
alone is enough for you and probably a lot of us to just buy a place and be done with it.
I was in the same boat, no regrets…
Also, like the other comment, if you had a baggillion dollars everywhere else but housing, putting 500k is probably a prudent move since you’re diversifying and again, you must have a place to live. Who knows, maybe the government will offer everyone who is a home owner 1% loans that they can also deduct on the tax returns directly and cut out all the banks with no income or asset verification.
Most folks would probably find it cheaper to buy than rent.
