"ive said it before and ill say it again, renting is dead money and you lose more of your wealth to some one else,,"
Interest is also dead money and the cause of you spend 2-3 times the value of your house in the hope that prices have risen that much by the time you finally pay it off and break even...after 30 years. If rent is cheaper than interest then you can rent and save the difference without being burdened by the usury trap and all the other costs/taxes that come with home ownership. I do agree about not selling you house if you don't have to. Unfortunately there are a lot of jobless people out there thanks to government who can no longer afford to keep their homes and last time I checked around 15% of all mortgage holders in Aus were on deferred payments...which will end soon.
