I generally believe in the same but real estate has traditionally been a bit different. The laws are stacked in favor of home ownership. For many young people, without a mortgage they would never be able to "get into the game" and would be left behind paying rent for the rest of their lives. While home ownership via a mortgage has been problematic at certain times, overall it has provided the financial leverage for many people to start accumulating wealth and increase their standard of living. As with any financial vehicle, the individual circumstances need to be considered.
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Originally Posted by Bay Kid
I do not believe in owing money. If I can't pay for it then I wait until I can. Just the way I was raised.
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