Ok on last time, But I do have to respond to this. What you said is half true, BUUUUUUUUTTT Consider the alternative. If one have a (when all is said and done) $1800 month morgage payment for 30 years, roughly half of it goes to the actual principle on the home, the other half is burn away in propety taxes, intrest rates, insurance etc... (this is stilll excluding maintenance). Do the math, no matter how one spins it, The home owner looses more money over a 30 year period than one who rents. The cost of Property taxes + intrest rates + insurance... adds easily up to the cost of renting an apartment. That is money being spent out of pocket that one would not see a return on at all. The point is that renting AND investing is more efficient purley from a finacial stand point. Lets say assuming that the home owner pays $900 to the actual principle of the home and $900 goes to property taxes and Interest rates and insurances a month etc.. (this still excludes 30 years of maintenance).. IN CONTRAST to the one who rents $900 a month and invest the other $900 towards a roth IRA and 401k etc.. The point is Both the home owner and one who rents burn through roughly the same amount of money they will not see a return on (rent goes toward nothing and Property taxes, insurance, interest rates burns away aswell). The One who rents has more income free to invest than the home owner. IF one looks at a house as more that a finacial investment, i.e. as a place one raise a family then it makes sense. From a purely finacial standpoint it is a terible investment. see my point.
