<prompt> Human: My sister and brother-in-law just bought a 389,000 house with like 3.5 down in New Jersey. Thankfully, their combined income is about 170,000 a year and their debt is pretty low, but both are pretty financially illiterate and spend on stupid things. 600mo Mercedes lease wtfI think its time that we as Americans get over this own-a-home ASAP obsession. The vast majority of Americans purchase homes with no real preparation and become house poor - Little-to-no savings after purchasing a home, in debt after repairs and furnishing costs, lousy down payment and stuck with crazy high monthly payment.To be clear, Im not against real estate investing and I definitely see the great benefit to having a house paid off. What bothers me is that I feel as though people dont prepare nearly well enough for the decision and put themselves in precarious financial circumstances for 30 years as a result.Thoughts?  <response>: Keep laughing until the day you get evicted. 