Owning a house.

[stewartkev]

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You are skewing the timeline, it's not never buy, it's why buy now.

J

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That's not what the original post states though. I do agree that this may not be the best time to buy, I'm in the UK so can't be specific on different US markets. We are also at a major high point in the market, but in the area of Scotland I live we are still playing catchup to the rest of the UK.

I agree with the post about adding value. I've made a lot of money from each of my properties due to this. The main reason I bought the house I described earlier is because of the plot of land it's on and what I can do with it.

Edit: Just read the couple of posts above. You do have to be careful with what you buy, where, price, what you do, etc. It is complicated, but I tend to base my entire purchasing decision on what I can do, and can I make money from it.