True...a few excerpts from some articles i was reading:
And the equally solid arguments in favor of renting: You own your house, but you pay quite a bit in interest and taxes. Renting isn't throwing money away—you get a place to live. Buying has an opportunity cost—the amount you can invest and earn on the down payment, taxes, insurance payments, and interest.likewise:
Most experts agree that you shouldn’t think of your primary home as an investment. Contrary to popular belief, real estate barely outpaces inflation over time. Sure, you could time the market, flip a house, or buy a rental, but that’s different from expecting your primary home to earn you a sweet return. The investing myth is another valid argument against buying. Many people buy homes they can’t afford or stretch their finances to pay for expensive home projects because they buy into this myth.
