If you are buying house because it is great investment then DO NOT BUY HOUSE. You should buy house because you need to place to live and you want to settle down

If you are buying house because it is great investment then DO NOT BUY HOUSE. You should buy house because you need to place to live and you want to settle down in certain area (grow roots...). The first thing that people like me need to understand is that we are not professional investors. Normal people need to buy house on the following factors: is it affordable? what is chance of you or your significant other moving to different area? do you like location? do you expect to live there for next 30 years? are schools good? etc. The excel spreadsheet comparing costs of owning vs. renting should be also there as one of factors, but spreadsheet showing how you are going to be rich by "owning" the house should be ignored.