Buying a house won't make you either. In fact, in the short term its much more likely to make you poor thanks to all the associated expenses such as property taxes, insurance, utilities, and huge chunks of interest (assuming you're doing the usual 70-80% borrowing).
I'd argue that for a lot of people it would make more sense to rent and save money on the side than to jump into owning property, especially in a relatively stagnant market. It used to be that the longer you waited the less you could actually afford because of skyrocketing house values... not so much any more. No need to rush into ownership.
I'd argue that for a lot of people it would make more sense to rent and save money on the side than to jump into owning property, especially in a relatively stagnant market. It used to be that the longer you waited the less you could actually afford because of skyrocketing house values... not so much any more. No need to rush into ownership.
