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Message: [QUOTE="ConnHuskBask, post: 2700392, member: 632"] A friend recently was talking to me about the idea of being "house poor", where essentially all of your money goes into the mortgage, taxes, utilities, insurance and upkeep. But, obviously the trade off is equity in a home. I've read a line of thought that advocates to renting and put the difference in expenditures (between home owning costs and rent) straight into the market and that at the end of the day the market return would be comparable to what your houses value would end up being. I haven't ran all the numbers, but I intend to take a look into this. While I completely understand the idea of home ownership, I think the idea that you are completely wasting money renting isn't entirely true; if you're making sound decisions with your cash. Any thoughts? [/QUOTE]