Quote Originally Posted by Henry Rogue View Post
I think this is sound advice, buy a house when you can afford it and I might add if you need it and or want it. I don't look at a house as an investment any more than a car is an investment. I don't think i will ever get out of my house what I put into it (principal plus interest, taxes and maintenance), but performs the purpose that I had intended for it. I know some people will make a profit from real estate investments, but certainly not all. Real estate isn't the sure thing that the keynesians will have you believe, 2008 proved that, but that doesn't mean you should never buy.
I see mine as a part of my retirement plan. Get your expenses as low as you can. Paying off the mortgage means I need less money to live on every month. Rent will never get that for you (and rents will likely continue to rise in the future).