I am a home owner since 1998 I think that none of you arguments against owning make sense to me. To me your writing reads like following: due to the world gone crazy I can no longer afford to buy house so let's concoct some soul soothing reason and pretend that all is fine.
I assure you I pay a lot more than just the real estate tax (and insurance). There's a ton of maintenance in general. Even with insurance, I was just out a good $50K with a middle of the night kitchen fire.
Because they purchased. And they stayed there. I think people forget that boomers bought their houses 20 30, 40 years ago, and they stayed there. It's not like they bought it 10 years ago and all of a sudden it went up dramatically. I don't think a lot of people consider that longer timeline, it's just easier to blame "boomers."
