Sorry, that line of thinking is dogma. Here's an article that explores this argument: http://www.smartmoney.com/personal-finance/real-estate/renting-makes-more

Sorry, that line of thinking is dogma. Here's an article that explores this argument: http://www.smartmoney.com/personal-finance/real-estate/renting-makes-more-financial-sense-than-homeownership-21111/ http://www.smartmoney.com/personal-finance/real-estate/renti... Basically, take the "never rent" piece of advice with the same amount of skepticism that you would any other piece of advice that begins with "never." Summary: average annualized return on investment on owning a home barely beats inflation, dating back way, and that's including the boom times. Average return on investing in businesses (i.e. the stock market, your own startup), is a much better place to put your money. Not saying there is no reason to buy a house, there are plenty. But never say never.