Originally Posted by
BarracksSi
Home ownership is very different from owning a car. As far as purchasing vs. renting a home, I'd rather own and gain several tens of thousands of dollars in the end -- heck, even after just ten years -- than a mere security deposit that gets eaten up by repairs charged by a landlord.
Rented for years, and had nothing to show for it. I got lucky, so it was time to own. As long as DC doesn't get nuked, I've got a good nest egg now.
+1
If we do sell our home, it's now worth four times it's original price, but our main reason for owning is not have to end up like my wife's parents. They rented an apartment for twenty plus years only having to be evicted when the property was sold, ended up to paying fifty percent more rent for a much older and poorly maintained apartment that was thirty percent smaller.