[Brookhaven]

1) In today’s mobile economy, owning a home ties you to one location, and prevents career advancement.

Let’s face it, the reason many people remain unemployed today is that they can’t sell their home and move to another part of the country that has jobs. The days when corporations would finance an employee’s move from one part of the country to another is long gone.

2) Homes are no longer seen as a secure, sure-bet investment.

Housing values crashed in the ‘30s, they crashed in the ‘70s, and they crashed in 2008. About every 40 years there is a housing value crash. People (especially young people) no longer see a home as an investment vehicle to save up for their old age.

[AngelesCrestHighway]

It’s nowhere near the bottom for homeowners. I’m thinking I should buy a vacation home or get a large RV at the lake or ocean and just stay there. To hell with it all.

[Theoria]

Indeed. Only a person who has found a dream house or actually a place they want to live for the rest of their lives should purchase a house.

In todays economy, renting is commonsense. You have to be able to move in this economy to find work.