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Im 34y/o and closing on my first house on the 8th of Oct. the way i look at it is this. To me buying a house is in essence like a savings account, your basically paying yourself, only you cant touch the money untill you sell your house. houses more so than cars are an investment. we all know this. i bought a 1900sf 3bd/2bt house for 156k it has an additional 600sf unfinshed attic that i plan on making into a kind of mother in law suite this will caost me around 3-5k as im handy and will do most of the work myself. i figure it should raise the value substantially. not to mention the area is typically going up about 2% annually anyways. and it sits in a golf community with the community pool about one block away. anyways, if your renting your basically just throwing money in the trash. thats my outlook on it.
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