[CorporateStepsister]

Too many people are buying houses they can’t afford. If someone is making a half a million or less year, they have no business buying a home that costs a million and a half. People owned their homes outright when they didn’t go into debt to buy a house they couldn’t pay for. Simple as that. If someone makes 40k a year, they have no business buying a house that costs 500k. The main problem is living grossly above your means.

[Alberta's Child]

Exactly. But the entire market is priced to encourage living beyond your means. That’s what makes it a con game, in my opinion.

[defconw]

That is exactly right. We own, we have 6 acres. We went for location and land. The house we bought was not the draw. But we paid it off. So now we can work on deciding whether we want to build a new house on our land. But it won't be a mansion.

I rented most of my life. Owning is better!