<prompt> Human: It seems everybody on this sub thinks buying a house is a good financial idea. I think its a personal decision and financially its a bad one. One benefit of owning is your rent never increases, your payments stay pretty much the same for 30yrs. You have so much of your wealth tied up in the home and its very illiquid. Home equity is only good if you sell the house, then you need to find another place to live. Home equity loans are still debt and I think we can agree debt should be avoided.The cost of replacing a roof, water heater or any renovations is quite expensive. You dont have these expenses while renting, I know the landlord will take these into account in your rent. You can also move much easier if your neighborhood goes downhill or have a job offer in a different area. Even if you pay off your mortgage you still need to maintain the property and pay insurance and taxes, all these costs can rise over time as well. This also keeps you undiversified, like having so much of your money in just one stock.I think buying a home should be a personal decision and I respect that. I would just like to point out some downside if your doing it for financial reasons. I bought a house for financial reasons and dont plan on selling but if somebody made an offer I would probably take it. I hope a constructive conversation can come from this.  <response>: Im not sure where you got the idea that everyone thinks buying a house is a great idea. If anything, the complaints are usually that we are too against buying a house. 