<prompt> Human: This is a solid piece of advice a multi millionaire shared with me 3 years ago. He said, and I am not quoting verbatim, that if you see a home and you can see yourself making your last breath in that home, you should buy it, assuming you can afford it, have finances straight.1 You should be able to afford it2 after down payment you should still have an emergency fund 6-9 months of living expenses3 The average American moves 11.4 times in their life. If you can see yourself staying in that house for the rest of your life, it is a good idea to buy it. If you plan on moving, just rent because it is cheaper top rent than to buy a home for 3-5 years, hope the value goes up to offset anything money you had to spend to put into the home faulty plumbing, property taxes which increase as your home value does, repaint, earthquake or flood damage, replacing appliances, extermination, etc and realtor fees.What are your thoughts on this advice?Again, this is for the general public. If you have extensive real estate knowledge and can buysell homes regularly with a profit this does not apply to you. This is generally speaking. Exceptions do not make the rule.  <response>: I think it is a broad over generalization. There is plenty of money to be made in growing economies and I dont see any reason why you shouldnt buy a house with the intent to live there for 10 years. 