There’s always that tension. I do believe that people ought to have a financial stake in the places they live. But stable, healthy communities are built on people having more than just their money invested there.Yep. House-as-investment leaves me cold, especially since, if I sell out, I have nowhere -- and can afford nowhere -- to live in the town where I've lived and worked and been a part of the community for almost forty years. I didn't buy an investment, I bought a home.
I’ll have to look into the percentages of houses that are owned outright vs. the percentages historically. There’s always an expense — taxes, insurance, utilities, upkeep, etc, But getting that mortgage monkey off one’s back is what I fear too many of us will never know.