Reply to s/o the worst financial decision you made

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[quote=Anonymous][quote=Anonymous]Buying [b]into the nonsense that renting is throwing money away and everyone should buy a home no matter what[/b]. Bought a home at the top of the market, spent thousands upon thousands on maintenance, outgrew it during the crash, held onto it for several more years in the hopes it would recover, went through several lackluster tenants, and finally cut my losses. Would have been better off keeping that money under my mattress or wiping my butt with it instead of spending $$$ on toilet paper.[/quote]

We do a huge disservice in this nation with the whole American Dream property buying nonsense. We demonize renters as being subhuman and manipulate zoning laws to favor rich property owners and protect their property values. Outrageous.

While if you're smart, lucky and savvy, you can "make money" on buying houses at the right time and in the right neighborhoods. But home are not supposed to be investments, they're supposed to be homes. If you're buying homes, not investment properties, to "make money," there are better, safer investments elsewhere.[/quote]

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