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Response to xchrom (Original post)

Mon Feb 9, 2015, 12:44 PM

36. The point of a house is shelter; a roof over your head.

 

Are you at less risk of losing that shelter if someone else owns it?

I prefer ownership, but I'm glad I don't live in LA.

And yes, in the long run I would expect homes to increase in value at least as fast as inflation.

... but it's kind of academic. People who don't "tap into that home equity" are generally better off, and the benefit of that accrued wealth go to the kids.

Yes, I'd say that homeownership can be investing (in my area house payments are less than rent) but it can also be speculation/gambling.

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