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[quote=Anonymous]I agree that renting a house and owning an equivalent house is the same damn thing. My wife INSISTS that owning is a completely different feeling. She thinks it's important for the kids to identify with 1 home that you own and live in for a long time. I wonder if OP has this problem too? The $100K is called a sunk cost. Whether you paid $200K for the house or $2 million for the house is irrelevant. The important thing is comparing the amount you would pay for rent vs. the amount you pay for interest. Even if you consider the tax savings, I think you will find that you are better off renting. You put yourself in a hole and you have to choose between a bad decision and a worse decision.[/quote]
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