Reply #154: Do you HAVE to own a home?

[Joacheme Misrahe]

Would your life be over if you had to rent for 800/month? When you decided to own a home were you not aware of the costs involved? Yet you chose to take on the debt anyway.

Do I own a home? No. I am aware of the costs involved and I know it would not be practical to even try. That's called living in your means.

You make it sound like owning a home is mandatory. Perhaps that's another mindset of those making 100K I don't relate to. Regardless, all of that cost was optional. You could easily rent for far less like millions of others do in this country though you would not have the prestige.

Should home onwership be easily affordable for someone making 100K? Yes, of course. However that is another matter entirely. If something is not affordable don't buy it.

The fact is you are still in the top 10%, yet it's so hard for you. If you were making 10,000-30,000 a year like millions in this country what would you do? Suicide like the great depression? We can get by with out being in major debt, but the top 10% has a tough time?

It's only hard for you because you decided to take on optional debts.