re: Home ownership losing importance as "American Dream"

Can't believe this hasn't been posted yet

LINK

But the reality is the calculator is only as good as the assumptions you put into it. Unfortunately the two biggest variables are future home appreciation and rate of rent increases, both of which are unknowable. Actually the biggest variable is how long you'll stay in the house, which you do have some control over (but not total control).

Personally I wouldn't say I "hate" owning a home, but I sure don't love it. It ended with a higher note for a house I like less in a location I like less, along with the ever-boding dread of a six-figure liability lingering over my head like the sword of Damocles for the next few decades.

Also, when you've bought, that's where you are. Some people like this - a place to settle and call your own. But to me it's more like an anchor. I'm pretty ambivalent about the whole deal in case you can't tell