re: Home ownership losing importance as "American Dream"

quote:

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Over the life of the home. Yes. I just spent over $10,000 putting a new roof on my house. I have spent $2K on a/c repair. If you ever plan on getting the equity out (which seems to be a big plus in this thread) you are going to have to remodel to keep up with the changing neighborhood and times. Remodeling is expensive as heck.

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You have the same thing renting, that's why they often raise the rent every few years. But with a home mortgage you're locked in at a fixed rate.