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I just replied to this post about how hard it is to break out of Oh What Fun It Is To Ride Santa Claus Riding Reindeer Shirt. Maybe I should write my book on it. You added the caveat on “depends on your area” which is great but I think most people are not qualified to determine what area is worth purchasing in and what area is not. Do not get me wrong, buying a home seems to have been a good investment in most cases historically but I think the reasoning you followed up with is not necessarily fair. Rent money goes out the window vs. you’re able to build equity when purchasing a home plus tax benefits. Lots of advice on this elsewhere. The first is that whether or not you look at it this way – your home is an investment (because you could otherwise invest the money and rent). So like any other investment, you ought to know what you are investing in and just like most people are not qualified to invest, they aren’t qualified to make determinations on what real estate to invest in either