Here is the reason to buy a home.

1. You pay it off in 25-35 years.


2. You then have small payments.


Rents go up and in the decades from 20-53, apartments went from 300 a month, utilities included to a single bedroom apartment in the poor service oriented interior is now 1200 a month.

Wages didn't change. The dry waller guy made 12 dollars and hour when I was 20 and was able to buy an 80 000 dollar house.

He still makes 12 dollars starting now, and the average house is between 360 000-520 000.


ITS ALL ABOUT DOING THE MATH.


If your situation is OK, and the rents OK there, then investing in land to retire on later, may be better than buying a house.