Does it make any sense to own a home these days?

>>1048769
let me rephrase that, does it make sense to owe hundreds of thousands to the bank for "owning a home"?

Does it make sense that the world fits perfectly in a one size fits all answer to your question?

Whether owning a home is financially wise or not depends on multiple things, all of which has been rehashed on /biz over and over again. Some of them including location, rental prices, mortgage rates, age, employment prospects, etc

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Currently my point of view is no, I'd rather take my 20% down-payment and put it into riskier investments... I guess this will change as I get older but I don't see a problem with renting a top-tier town-home for $900 where everything is taken care of for me so I can focus on growing my investments.

Hopefully by the time I desire a home I'll be able to buy one with cash, in full

>>1048777
thanks for your non answer. im sure there is a general attitude that people have when it comes to home ownership

It's impossible to own a home.

Either the bank owns it or state owns it

>>1048809
House prices never go down. Interest rates never go up. All properties for sale are priced appropriately. There is no risk in a mortgage.

Happy now?

>>1048785
Where can you rent a top tier home for $900?

>>1048785
>20% down
Pleb. Get a lower down payment then.

Minus your rent off your profits and see how you went. Gotta live somewhere

>>1048769
>>1048771
Depends what you want out of life

The "best" thing to do is live way below your means (with family if possible) while working very hard, and then buying a house flat out or paying off your mortgage quickly.

If you gave minimum down payment and pay the minimum amount to your mortgage each month then you're stupid and won't go anywhere in life. That being said, the minimum payment on a mortgage is usually cheaper than renting.

Just try to have a high net worth and your life will be nice.

>>1048769
(assuming the housing market remains stable and the value of the home only increases at the inflation rate)

In the long term it is better to own a home, one day you will pay off the mortgage and essentially be living rent free. I dont know how this could perceived as a bad option

>>1048883
also worth noting is the value of your home will likely increase faster than the inflation rate so it acts as an investment as well.

>>1048832
Some backwater fuckhole no one cares about

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>>1048832
Town-home, not an actual house
>>1048910
Boise Idaho ain't that bad

>>1048930

ive been thinking about boise or salt lake city. i am sick of the cost of living and the obnoxious minorities on the east coast