Now that I’m a “homeowner” I think a lot less about all the reasons I thought buying a house was foolish. But today comes Rent Vs. Buy Myths That Ruined the Housing Market to remind me. Ah yes, I remember them fondly.
What’s with the scare quotes? Well, the bank actually owns my home, not me – I pay a lot more in interest than principal every month. And if I should fall behind they will take it away, along with all of my current “investment”.
March 19, 2008