Reply to If you liked renting would you just keep doing it?

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[quote=Anonymous][quote=Anonymous]I live in an extremely high cost of living area. Median home is $1 million and there’s not much housing. I currently rent a great place that is worth $1.5 million and pay $3800 in rent every month. I wouldn’t be able to afford a place this big to buy. I have invested most of my money and keep a large emergency fund and retirement is maxed out. I don't know if I’ll stay in this place after my kids graduate, but I have to for now due to divorce and having to live here while they’re in school. I assume when they are out of the house my need for space would go down and if I did want to stay here, I could buy a smaller place or a condo.

I can’t seem to shake the feeling that I “should” own. Tell me if you have house regrets and that it’s ok for me to keep doing this.  [/quote]

This feeling is real. Owning a place makes you feel like you made it, even if its very basic and modest. However, if you've a nice place, keep renting until you need to move. In meanwhile keep investing money and buy if market tanks. Buy low, hold for long and sell high is where home ownership pays off.[/quote]

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