While this "enumerate all the costs and benefits" calculus is really appealing, the "how much is the land (de)appreciating?" factor dominates everything. This i

While this "enumerate all the costs and benefits" calculus is really appealing, the "how much is the land (de)appreciating?" factor dominates everything. This is why most people can buy homes without much serious thought and still come out very happy and ahead, because the land appreciation (or depreciation) sort of bakes in all your complex considerations for you.