>as if losing money overall on your house means it was a poor choice. From a financial standpoint, that does make it a poor choice. Losing money == bad investm

>as if losing money overall on your house means it was a poor choice. From a financial standpoint, that does make it a poor choice. Losing money == bad investment. I've been listening to some other commentors on the subject and that has evolved my position a bit. Smart people change their mind when new info/viewpoints become available. >average rent in your area vs house prices, cost of living in your area vs other areas, our salary and where your job is located Rent is pretty much always a function of home price so, again unless there is a qualitative reason (like you have a big family and you need 3-4 bedrooms) renting is going to make more financial sense. You statement on cost of living is wrong. Places where the cost of living is high will have high rents and home prices. My OC was not about comparing the monthly costs of rent vs. buying. It was pretty explicitly about a home not being a good investment when the actual cost (including total interest and incidentals) is factored in. The bottom line is, there are cases where it will make sense to buy. For most people, this is not the case and they buy simply because they are ignoring the actual cost.