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[quote=Anonymous]Rent. 8 years is not too long. I cannot stress the positives of renting enough.
We owned 3 properties. All were bought for living, not for making money. All three had problems. Had we rented the same or similar homes instead, we would be much better off now financially and mentally. We had a neighbor crazy neighbor and were stuck living next to them.
I have no use for mortgage deduction or any other that comes with owning. I do get something back in DC from my rent payments. Few people know that or mention it.
I took the money from the properties and learned to invest. My returns are insane. Had I not sold the homes, I would not have had the money to invest and learn all about it.
I'm renting now, and yes, landlord did raise rent, but I'm a light mover as a renter. I moved and pay the same rent now. We may need a bigger place in few years, so I'm already looking around. I enjoy it.
Landlord sent me card that she was sad to seem me go, and that she would have worked on the price. 
I was a good renter and lots of money in the bank. No problem finding a home. 
I did the math on countless properties. None of them were a good deal when it came to buying vs renting.
If I keep renting and investing the down payment and extra (there would be about $500 a months extra just to buy the same place), in 30 years, I could buy the one I rent, the one next door, and have money left over. 
Market is simply so much faster. I also got better and better at investing every year or rather, every week.
There is nothing home ownership taught me that gives me the same returns. No, not even how to fix everything myself.
Op, it is very personal. People think the tax deduction is awesome. I don't need it. I don't really pay taxes. I do, but I get back a lot more than I pay in. Do you?
Investing came about exactly because I sold one property, got into markets, and got very good at it. Even at 10% a year return on the money you'd invest, you'd be ahead in year 8. [/quote]

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