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Agree 100%, I was more referring to the manner in which the property is purchased, rather than the actual benefit of home ownership, over renting.Home ownership is probably the single most important thing a person can buy, as has been shown in most studies, but purchasing beyond your means or without thought as to how the purchase loan is structured can be a road to disaster also.Many marriages have failed due to unrealistic investment choices, including the purchase of the PPR, which in turn can destroy wealth .
Agree 100%, I was more referring to the manner in which the property is purchased, rather than the actual benefit of home ownership, over renting.
Home ownership is probably the single most important thing a person can buy, as has been shown in most studies, but purchasing beyond your means or without thought as to how the purchase loan is structured can be a road to disaster also.
Many marriages have failed due to unrealistic investment choices, including the purchase of the PPR, which in turn can destroy wealth .
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