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As long as you save in other forms, buying a home or not is not that important. Owner occupied home is not an investment, it is just a tool for savings.
Yep. 40, married with one kid and renting. We are in a good neighborhood with lots of kids the same age as our son living around us. We plan to own someday but I don't see any urgency to buy.
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I am just curious if there is anyone out there who has a profile like. I am married, 40 and have a daughter and rent in a great neighborhood in LA. Wife and I have always wanted to buy a home but it just seems still expensive. We earn a decent salary way above the average and daughter goes to elementary school which has great ratings. We miss the "living at our own home" feeling and sometimes feel like "losers". Especially since almost all of our small friends circle have bought homes during the peak and have lost on the equity.
Deep within I know we are still way better than other financially and socially. Like we go on cruises, travel around, weekend movies and all that but our friends hardly do that.. So i do understand that even though we dont have a home to call ourselves, our lives are more colorful and merrier than other home owners...
Just wanted to vent and see what peoples opinions are..